Recap: Mercer Intl Q4 Earnings
Portfolio Pulse from Benzinga Insights
Mercer International (NASDAQ:MERC) reported Q4 earnings with an EPS of $-0.8, missing estimates by 48.15% compared to the expected $-0.54. Revenue decreased by $112.56 million from the same period last year. Despite beating EPS estimates last quarter, which led to a 13.32% share price increase the next day, this quarter's results show a significant miss.
February 15, 2024 | 9:45 pm
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Mercer International reported a significant miss in Q4 earnings with an EPS of $-0.8, underperforming estimates by 48.15%, and a notable decrease in revenue compared to last year.
Given the substantial miss in both earnings and revenue compared to estimates and last year's figures, it's likely that investor confidence may be shaken, potentially leading to a short-term decrease in MERC's stock price. This is especially relevant considering the positive reaction to last quarter's earnings beat, suggesting that expectations were higher.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100