MRC Global Inc <MRC.N> expected to post earnings of 6 cents a share - Earnings Preview
MRC Global Inc MRC.N, MRC is expected to show a fall in quarterly revenue when it reports results on February 21 (estimated) for the period ending December 31 2024
The Houston Texas-based company is expected to report a 5.4% decrease in revenue to $726.9 million from $768 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on November 6 2024, for the period ended December 31, was for revenue between $691.20 million and $729.60 million.
LSEG's mean analyst estimate for MRC Global Inc is for earnings of 6 cents per share.
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for MRC Global Inc is $17.00, above its last closing price of $13.05.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.19 | 0.19 | 0.22 | Beat | 15.8 |
Jun. 30 2024 | 0.26 | 0.26 | 0.31 | Beat | 19.2 |
Mar. 31 2024 | 0.13 | 0.14 | 0.20 | Beat | 46.3 |
Dec. 31 2023 | 0.12 | 0.12 | 0.23 | Beat | 97.1 |
Sep. 30 2023 | 0.36 | 0.36 | 0.32 | Missed | -10.3 |
Jun. 30 2023 | 0.39 | 0.39 | 0.25 | Missed | -35.3 |
Mar. 31 2023 | 0.31 | 0.31 | 0.32 | Beat | 2.1 |
Dec. 31 2022 | 0.28 | 0.28 | 0.32 | Beat | 14.3 |
This summary was machine generated February 19 at 21:08 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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