After beating estimates last quarter by $0.01, Materion
What analysts say:
- Buy, sell, or hold?: Analysts are very bullish on this stock, unanimously backing it as a buy. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $353.5 million in revenue this quarter. That would represent a decline of 0.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.12 per share. Estimates range from $0.06 to $0.29.
What our community says:
CAPS All-Stars are strongly backing the stock, with 96.5% awarding it an "outperform" rating. The community at large agrees with the All-Stars, with 93% granting it a rating of "outperform." Even with a robust four out of five stars, Materion's CAPS rating falls a little short of the community's upbeat outlook.
Materion's income has fallen year over year by an average of 94.4% over the past five quarters. The company's gross margin shrank by 3.3 percentage points in the last quarter. Revenue rose 20.7% while cost of sales rose 25.6% to $335.4 million from a year earlier.
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