Mercer Intl Q3 2023 EPS $(0.39) Beats $(0.76) Estimate, Sales $470.82M Beat $457.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Mercer Intl (NASDAQ:MERC) reported Q3 2023 earnings per share (EPS) of $(0.39), beating the analyst consensus estimate of $(0.76) by 48.68%. However, this represents a 139% decrease from the same period last year. The company also reported quarterly sales of $470.82 million, surpassing the analyst consensus estimate of $457.50 million by 2.91%, but marking an 11.64% decrease from the same period last year.
November 02, 2023 | 8:53 pm
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Mercer Intl's Q3 2023 earnings and sales beat estimates, but both figures are significantly lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Mercer Intl beat analyst estimates for both EPS and sales, the significant year-over-year decreases in these figures could be a cause for concern among investors. This could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100