Myers Industries Inc reports results for the quarter ended in September 30 - Earnings Summary

Myers Industries

05/11/2024 07:44

* Myers Industries Inc  MYE.N  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 38 cents.  The lone analyst forecast for the
quarter was for earnings of 29 cents per share. 
    * Revenue rose 3.7% to $205.07 million from a year ago;
analysts
expected $219.50 million. 
    * Myers Industries Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $10.88 million.
    * Myers Industries Inc shares had fallen by 15.3% this
quarter and
lost 40.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 5 at
07:43 a.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
 Sep. 30 2024      0.29           0.25           Missed
 Jun. 30 2024      0.31           0.39           Beat
 Mar. 31 2024      0.32           0.21           Missed
 Dec. 31 2023      0.26           0.29           Beat