Mativ Holdings Q4 2023 Adj EPS $0.23 Beats $0.14 Estimate, Sales $452.30M Miss $461.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mativ Holdings (NYSE:MATV) reported Q4 2023 adjusted EPS of $0.23, surpassing the $0.14 estimate, but its sales of $452.30M fell short of the $461.05M estimate, marking a 31.48% decrease from the same period last year.
February 21, 2024 | 9:28 pm
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Mativ Holdings reported a Q4 2023 adjusted EPS of $0.23, beating estimates, but sales of $452.30M missed estimates and showed a significant year-over-year decline.
The mixed results from Mativ Holdings, with an earnings beat but a miss on sales and a significant year-over-year sales decline, could lead to a neutral short-term impact on its stock price. Investors might react positively to the earnings beat, but concerns over the sales miss and the significant decrease in sales compared to the previous year could temper any potential gains.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100