We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Mercer International (MERC) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Mercer International (MERC - Free Report) closed the most recent trading day at $13.45, moving +1.05% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the pulp company had lost 21.06% in the past month. In that same time, the Basic Materials sector lost 6.49%, while the S&P 500 lost 9.06%.
Wall Street will be looking for positivity from Mercer International as it approaches its next earnings report date. The company is expected to report EPS of $1.05, up 0.96% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Mercer International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Mercer International is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Mercer International currently has a Forward P/E ratio of 3.28. For comparison, its industry has an average Forward P/E of 7.77, which means Mercer International is trading at a discount to the group.
The Paper and Related Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Mercer International (MERC) Gains As Market Dips: What You Should Know
Mercer International (MERC - Free Report) closed the most recent trading day at $13.45, moving +1.05% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the pulp company had lost 21.06% in the past month. In that same time, the Basic Materials sector lost 6.49%, while the S&P 500 lost 9.06%.
Wall Street will be looking for positivity from Mercer International as it approaches its next earnings report date. The company is expected to report EPS of $1.05, up 0.96% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Mercer International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Mercer International is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Mercer International currently has a Forward P/E ratio of 3.28. For comparison, its industry has an average Forward P/E of 7.77, which means Mercer International is trading at a discount to the group.
The Paper and Related Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.