Myers Industries Inc reports results for the quarter ended in December - Earnings Summary

Myers Industries

05/03/2024 23:29

* Myers Industries Inc  MYE.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 32 cents.  The lone analyst forecast for
the quarter was for earnings of 26 cents per share. 
    * Revenue fell 10.2% to $191.08 million from a year ago;
analysts
expected $191.60 million. 
    * Myers Industries Inc's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $12.54
million.
    * Myers Industries Inc shares had fallen by 0.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Myers Industries
Inc is $22.00 
This summary was machine generated from LSEG data March 5 at
11:28 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
 Dec. 31 2023      0.26           0.29           Beat
 Sep. 30 2023      0.44           0.38           Missed
 Jun. 30 2023      0.35           0.35           Met
 Mar. 31 2023      0.36           0.38           Beat