Mativ Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Mativ Holdings Inc MATV.N reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 34 cents. The lone analyst forecast for the quarter was for earnings of 18 cents per share.

• Revenue rose 0.3% to $525.40 million from a year ago; analysts expected $505.00 million.

• Mativ Holdings Inc's reported EPS for the quarter was a loss of 18 cents​.

• Mativ Holdings Inc shares had fallen by 3.8% this quarter and lost 39.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.5% in the last three months.​

• 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 "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Mativ Holdings Inc is $13.00, about 51.7% above its last closing price of $6.28

This summary was machine generated from LSEG data August 7 at 01:37 a.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)