Mativ Holdings Q1 EPS $0.02 Misses $0.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
Mativ Holdings (NYSE:MATV) reported Q1 earnings of $0.02 per share, missing the consensus estimate of $0.19 by 89.47%. This represents a 92% decrease from the $0.25 per share earned in the same period last year.
May 08, 2024 | 10:38 pm
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NEGATIVE IMPACT
Mativ Holdings reported significantly lower Q1 earnings of $0.02 per share, missing estimates by 89.47% and marking a 92% decrease from the previous year.
The substantial miss in earnings expectations and the significant year-over-year decline are likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100