Mativ Holdings Q2 EPS $0.51 Beats $0.37 Estimate, Sales $668.30M Miss $678.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mativ Holdings (NYSE:MATV) reported Q2 earnings of $0.51 per share, beating the analyst consensus estimate of $0.37 by 37.84 percent. However, this is a 40.7 percent decrease from the same period last year. The company's quarterly sales of $668.30 million missed the analyst consensus estimate of $678.50 million by 1.50 percent, but it's a 56.73 percent increase from the same period last year.
August 09, 2023 | 8:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mativ Holdings reported better than expected Q2 earnings but lower YoY. Sales missed estimates but increased YoY.
Mativ Holdings reported a mixed Q2 result with earnings beating estimates but down YoY, and sales missing estimates but up YoY. This could lead to a neutral short-term impact on the stock as the positive and negative factors could offset each other.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100