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 at $13.65 in the latest trading session, marking a +1.19% move from the prior day. This move outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.37%.
Prior to today's trading, shares of the pulp company had lost 16.06% over the past month. This has lagged the Basic Materials sector's gain of 1.01% and the S&P 500's loss of 3.51% in that time.
Wall Street will be looking for positivity from Mercer International as it approaches its next earnings report date. This is expected to be October 27, 2022. On that day, Mercer International is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 0.96%.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Mercer International is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Mercer International is holding a Forward P/E ratio of 3.32. Its industry sports an average Forward P/E of 6.18, so we one might conclude that Mercer International is trading at a discount comparatively.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MERC in the coming trading sessions, be sure to utilize 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 at $13.65 in the latest trading session, marking a +1.19% move from the prior day. This move outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.37%.
Prior to today's trading, shares of the pulp company had lost 16.06% over the past month. This has lagged the Basic Materials sector's gain of 1.01% and the S&P 500's loss of 3.51% in that time.
Wall Street will be looking for positivity from Mercer International as it approaches its next earnings report date. This is expected to be October 27, 2022. On that day, Mercer International is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 0.96%.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Mercer International is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Mercer International is holding a Forward P/E ratio of 3.32. Its industry sports an average Forward P/E of 6.18, so we one might conclude that Mercer International is trading at a discount comparatively.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MERC in the coming trading sessions, be sure to utilize Zacks.com.