Rayonier Advanced Materials Inc reports results for the quarter ended in December - Earnings Summary

Rayonier Advanced Materials

28/02/2023 01:23

* Rayonier Advanced Materials Inc  RYAM.N  reported
quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in December. The mean expectation of two analysts for the
quarter was for earnings of 4 cents per share.
    * Revenue rose 33.7% to $500.00 million from a year ago;
analysts
expected $436.36 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 69.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Rayonier Advanced Materials Inc shares had fallen by 33.2%
this
quarter.
    * The company reported quarterly net income of $4 million.
    * Wall Street's median 12-month price target for Rayonier
Advanced
Materials Inc is $6.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 01:22 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.04           0.05           Beat
 Sep. 30 2022      0.10           0.45           Beat
 Jun. 30 2022      -0.20          -0.36          Missed
 Mar. 31 2022      -0.41          -0.39          Beat