Mercer Intl Q2 2024 GAAP EPS $(1.01) Misses $(0.44) Estimate, Sales $499.400M Beat $482.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercer International (NASDAQ:MERC) reported a Q2 2024 GAAP EPS of $(1.01), missing the analyst estimate of $(0.44) by 129.55%. However, the company reported sales of $499.4M, beating the estimate of $482.5M by 3.50%. This represents a 5.75% decrease from the same period last year.
August 08, 2024 | 8:34 pm
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Mercer International reported a significant EPS miss for Q2 2024, with a GAAP EPS of $(1.01) compared to the $(0.44) estimate. However, sales of $499.4M beat expectations. Despite the sales beat, the EPS miss and YoY sales decline may concern investors.
The significant EPS miss is likely to weigh heavily on investor sentiment, despite the sales beat. The YoY sales decline further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100