Rayonier Adv Materials Q4 2023 Adj EPS $(0.22) Misses $(0.07) Estimate, Sales $422.00M Beat $410.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials (RYAM) reported Q4 2023 adjusted EPS of $(0.22), missing the $(0.07) estimate, but sales of $422.00M exceeded the $410.27M forecast. This represents a 15.60% decrease in sales compared to the same period last year.
February 27, 2024 | 9:51 pm
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NEGATIVE IMPACT
RYAM missed Q4 2023 EPS estimates but exceeded sales forecasts, with a significant year-over-year decrease in sales.
Missing the EPS estimate by a significant margin (214.29%) is likely to negatively impact investor sentiment and stock price in the short term. However, beating sales estimates might provide some offsetting positive sentiment. The substantial year-over-year decrease in sales (15.60%) further contributes to a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100