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

Rayonier Advanced Materials

10/05/2023 01:04

* Rayonier Advanced Materials Inc  RYAM.N  reported
quarterly
adjusted earnings of 2 cents​​ per share for the quarter ended
in March. The mean expectation of two analysts for the quarter
was for earnings of 7 cents per share.
    * Revenue rose 32.7% to $467.00 million from a year ago;
analysts
expected $448.79 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was 2 cents​.
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Rayonier Advanced Materials Inc shares had fallen by 11.6%
this
quarter and lost 42.3% so far this year.
    * Wall Street's median 12-month price target for Rayonier
Advanced
Materials Inc is $5.70 
    * 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 LSEG Refinitiv data May
10 at 12:04 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.20          -0.36          Missed