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

Sylvamo

11/05/2024 01:43

* Sylvamo Corp  SLVM.N  reported quarterly adjusted earnings
of
$1.07​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$2.51.  The mean expectation of two analysts for the quarter was
for earnings of $1.03 per share. Wall Street expected results to
range from $1.00  to $1.05 per share.
    * Revenue fell 5.6% to $905.00 million from a year ago;
analysts
expected $864.38 million. 
    * Sylvamo Corp's reported EPS for the quarter was $1.02​.
    * Sylvamo Corp shares had risen by 7.3% this quarter and
gained 34.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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." 
    * The average consensus recommendation for the paper
products peer
group is also "buy"

Wall Street's median 12-month price target for Sylvamo Corp is
$63.50 
This summary was machine generated from LSEG data May 11 at
12:42 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
 Mar. 31 2024      1.03           1.07           Beat
 Dec. 31 2023      0.84           1.16           Beat
 Sep. 30 2023      1.34           1.70           Beat
 Jun. 30 2023      1.01           1.14           Beat