Mercer Intl Q3 2024 GAAP EPS $(0.26) Misses $0.15 Estimate, Sales $502.141M Beat $494.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercer Intl (NASDAQ:MERC) reported a Q3 2024 GAAP EPS of $(0.26), missing the analyst estimate of $0.15, but sales of $502.141M beat the $494.500M estimate. Sales increased by 6.65% compared to the same period last year.
October 31, 2024 | 8:34 pm
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NEGATIVE IMPACT
Mercer Intl reported a Q3 2024 EPS loss of $(0.26), missing estimates by a significant margin, but sales exceeded expectations, showing a year-over-year increase.
The significant EPS miss suggests potential negative sentiment and pressure on the stock price. However, the sales beat and year-over-year growth may provide some support. Overall, the EPS miss is likely to have a more immediate negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100