Recap: Rayonier Adv Materials Q4 Earnings
Portfolio Pulse from Benzinga Insights
Rayonier Adv Materials (NYSE:RYAM) reported Q4 earnings with an EPS of $-0.22, missing estimates by -214.0% against an expected $-0.07. Revenue decreased by $78M from the same period last year. Despite past earnings misses, the company's share price increased by 2.0% the day after last quarter's earnings were announced.
February 27, 2024 | 9:55 pm
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NEGATIVE IMPACT
Rayonier Adv Materials reported a significant miss in Q4 earnings with an EPS of -$0.22, far below the expected -$0.07, and a revenue decrease of $78M from the previous year.
The substantial miss in both earnings and revenue for Rayonier Adv Materials is likely to negatively impact investor sentiment and the stock price in the short term. Historically, earnings misses can lead to declines in stock price, although RYAM saw a 2.0% increase after the last quarter's miss. This inconsistency suggests a cautious approach, but the magnitude of the miss this quarter is likely to have a more pronounced negative effect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100