Mercer International Inc reports results for the quarter ended June 30 - Earnings Summary

• Mercer International Inc MERC.OQ reported a quarterly adjusted loss of $1.29​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -49 cents. The mean expectation of two analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -28 cents to -14 cents per share.

• Revenue fell 9.2% to $453.52 million from a year ago; analysts expected $514.00 million.

• The company reported a quarterly loss of $86.07 million.

• Mercer International Inc shares had risen by 14.9% this quarter and lost 38.2% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the paper products peer group is "buy."

• Wall Street's median 12-month price target for Mercer International Inc is $3.75, about 7.2% below its last closing price of $4.02

This summary was machine generated from LSEG data July 31 at 09:55 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)