MRC Global Q4 2023 Adj EPS $0.23 Beats $0.12 Estimate, Sales $768.00M Miss $811.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
MRC Global reported Q4 2023 adjusted EPS of $0.23, surpassing the $0.12 estimate, but its sales of $768M fell short of the $811.22M forecast, marking an 11.62% decrease from the previous year.
February 13, 2024 | 9:33 pm
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MRC Global's Q4 earnings surpassed expectations with an EPS of $0.23 against a $0.12 estimate, but sales missed estimates, showing a significant year-over-year decline.
While the EPS beat is positive, the sales miss and year-over-year decline could temper investor enthusiasm, leading to a neutral short-term impact on MRC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100