Mercer Intl Q4 2023 Adj EPS $(0.80) Misses $(0.54) Estimate, Sales $470.49M Miss $508.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercer Intl (NASDAQ:MERC) reported Q4 2023 adjusted EPS of $(0.80), missing the $(0.54) estimate, with sales of $470.49M also missing the $508.50M estimate. This represents a 19.31% decrease in sales compared to the same period last year.
February 15, 2024 | 9:43 pm
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Mercer Intl reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales for Q4 2023, compared to analyst estimates, indicates a potential negative short-term impact on MERC's stock price. The 19.31% decrease in sales year-over-year further emphasizes the company's underperformance, likely leading to negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100