Rayonier Advanced Materials Inc expected to post a loss of 7 cents a share - Earnings Preview

Rayonier Advanced Materials

24/02/2024 02:33

* Rayonier Advanced Materials Inc  RYAM.N   RYAM.K  is
expected
to show a fall in quarterly revenue when it reports  results on
February 27 for the period ending December 31 2023
    * The Jacksonville Florida-based  company is expected to
report a
17.9% decrease in revenue to $410.267 million from $500 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Rayonier Advanced
Materials
Inc is for a loss of 7 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rayonier
Advanced
Materials Inc is $5.50​, above​ its last closing price of $4.35.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.31       -0.31      -0.39     Missed  -27.2
 Jun. 30 2023  -0.12       -0.12      -0.26     Missed  -116.7
 Mar. 31 2023  0.07        0.07       0.02      Missed  -69.2​
 Dec. 31 2022  0.04        0.04       0.05      Beat    25
 ​​Sep.        0.10        0.10       0.45      Beat    350
 30 2022                                                
 Jun. 30 2022  -0.20       -0.20      -0.36     Missed  -77.1​
 Mar. 31 2022  -0.42       -0.41      -0.39     Beat    4.9
 Dec. 31 2021  -0.09       -0.10      -0.37     Missed  -282.7
 This summary was machine generated February 24 at 02:33 GMT. 
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)