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

Rayonier Advanced Materials

08/05/2024 24:53

* Rayonier Advanced Materials Inc  RYAM.N  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of three analysts
for the quarter was for a loss of 10 cents per share. Wall
Street expected results to range from -19 cents to -1 cents per
share.
    * Revenue fell 16.9% to $388.00 million from a year ago;
analysts
expected $429.70 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was a loss of 2 cents​.
    * The company reported a quarterly loss of $2 million.
    * Rayonier Advanced Materials Inc shares had fallen by 14.4%
this
quarter and gained 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 244.4% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Rayonier Advanced
Materials Inc is $5.50 
This summary was machine generated from LSEG data May 7 at 11:53
p.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
 Mar. 31 2024      -0.10          -0.02          Beat
 Dec. 31 2023      -0.07          -1.88          Missed
 Sep. 30 2023      -0.31          -0.39          Missed
 Jun. 30 2023      -0.12          -0.26          Missed