MRC Global Inc reports results for the quarter ended in March - Earnings Summary

MRC Global

09/05/2024 20:44

* MRC Global Inc  MRC.N  reported quarterly adjusted
earnings of
20 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of five analysts for the quarter
was for earnings of 14 cents per share. Wall Street expected
results to range from 11 cents to 17 cents per share.
    * Revenue fell 8.9% to $806.00 million from a year ago;
analysts
expected $760.76 million. 
    * MRC Global Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $13 million.
    * MRC Global Inc shares had fallen by 6.8% this quarter and
gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 49.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for MRC Global Inc is
$15.00 
This summary was machine generated from LSEG data May 9 at 07:44
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.14           0.20           Beat
 Dec. 31 2023      0.39           0.23           Missed
 Sep. 30 2023      0.36           0.32           Missed
 Jun. 30 2023      0.39           0.25           Missed