Rayonier Advanced Materials Inc reports results for the quarter ended in September 30 - Earnings Summary

Rayonier Advanced Materials

06/11/2024 04:39

* Rayonier Advanced Materials Inc  RYAM.N  reported a
quarterly
adjusted loss of 12 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -39 cents.  The mean expectation of
three analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -18 cents to 5
cents per share.
    * Revenue rose 8.8% to $401.00 million from a year ago;
analysts
expected $410.10 million. 
    * Rayonier Advanced Materials Inc's reported EPS for the
quarter
was a loss of 49 cents​.
    * The company reported a quarterly loss of $33 million.
    * Rayonier Advanced Materials Inc shares had fallen by 5.0%
this
quarter and gained 100.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 9.50 
This summary was machine generated from LSEG data November 6 at
04:39 a.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
 Sep. 30 2024      -0.08          -0.12          Missed
 Jun. 30 2024      -0.10          0.19           Beat
 Mar. 31 2024      -0.10          -0.02          Beat
 Dec. 31 2023      -0.07          -1.88          Missed