Sylvamo Q3 Adj. EPS $1.70 Beats $1.33 Estimate, Sales $897.00M Miss $905.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo (NYSE:SLVM) reported Q3 earnings of $1.70 per share, beating the analyst consensus estimate of $1.33 by 27.82%. However, this is a 32.27% decrease from the same period last year. The company's quarterly sales were $897.00 million, missing the analyst consensus estimate of $905.34 million by 0.92%, and marking a 7.33% decrease from the same period last year.
November 09, 2023 | 12:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sylvamo's Q3 earnings beat estimates but are down from last year. Sales also missed estimates and are down from last year.
Sylvamo's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative. This mixed report could lead to uncertainty and potential short-term downward pressure on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100