Sylvamo Corp reports results for the quarter ended in December - Earnings Summary

Sylvamo

15/02/2024 14:32

* Sylvamo Corp  SLVM.N  reported quarterly adjusted earnings
of
$1.16​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.97.  The mean expectation of two analysts for the quarter was
for earnings of 84 cents per share. Wall Street expected
results to range from 82 cents to 86 cents per share.
    * Revenue rose 4% to $964.00 million from a year ago;
analysts
expected $903.72 million. 
    * Sylvamo Corp's reported EPS for the quarter was $1.16​.
    * Sylvamo Corp shares had fallen by 7.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Sylvamo
Corp is
$51.00 

This summary was machine generated from LSEG data February 15 at
02:31 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
 Dec. 31 2023      0.84           1.16           Beat
 Sep. 30 2023      1.34           1.70           Beat
 Jun. 30 2023      1.01           1.14           Beat
 Mar. 31 2023      2.40           2.51           Beat