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

Rayonier Advanced Materials

09/08/2023 09:38

* Rayonier Advanced Materials Inc  RYAM.N  reported a
quarterly
adjusted loss of 26 cents​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for a loss of 12 cents per share.
    * Revenue fell 3.6% to $385.00 million from a year ago;
analysts
expected $417.63 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was a loss of 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Rayonier Advanced Materials Inc shares had fallen by 0.7%
this
quarter and lost 55.7% so far this year.
    * The company reported a quarterly loss of $17 million.
    * Wall Street's median 12-month price target for Rayonier
Advanced
Materials Inc is $5.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 08:38 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.12          -0.26          Missed
 Mar. 31 2023      0.07           0.02           Missed
 Dec. 31 2022      0.04           0.05           Beat
 Sep. 30 2022      0.10           0.45           Beat