MRC Global Inc reports results for the quarter ended March 31 - Earnings Summary

• MRC Global Inc MRC.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of four analysts for the quarter was for earnings of 15 cents per share.

• Revenue fell 11.7% to $712.00 million from a year ago; analysts expected $694.47 million.

• MRC Global Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $22 million.

• MRC Global Inc shares had risen by 6.4% this quarter and lost 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 34.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• 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 average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for MRC Global Inc is $15.50

This summary was machine generated from LSEG data May 7 at 06:10 p.m. UTC. ​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)