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Tue, Nov 12, 2024 17:51
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Management Side
Mativ Holdings Q3 Earnings and Revenues Miss Estimates

Mativ Holdings (MATV) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -19.23%. A quarter ago, it was expected that this paper and reconstituted tobacco company would post earnings of $0.21 per share when it actually produced earnings of $0.34, delivering a surprise of 61.90%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Mativ Holdings , which belongs to the Zacks Chemical - Specialty industry, posted revenues of $498.5 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.83%. This compares to year-ago revenues of $498.2 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Mativ Holdings shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 21.2%.

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