Mativ Holdings Q3 EPS $0.21, Sales $498.20M Miss $545.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mativ Holdings (NYSE:MATV) reported Q3 earnings of $0.21 per share, beating the analyst consensus estimate of $0.09 by 133.33%. However, this is a 71.62% decrease from the same period last year. The company's quarterly sales were $498.20 million, missing the analyst consensus estimate of $545.10 million by 8.60%, and marking a 26.09% decrease from the same period last year.
November 08, 2023 | 10:18 pm
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Mativ Holdings reported Q3 earnings that beat estimates but were significantly lower YoY. Sales also missed estimates and were down YoY.
Mativ Holdings reported a significant YoY decrease in both earnings and sales, despite beating EPS estimates. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100