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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Mercer International (MERC) Gains As Market Dips: What You Should Know

Zacks Equity Research
·2 min read

In the latest trading session, Mercer International (MERC) closed at $12.32, marking a +0.98% move from the previous day. This change outpaced the S&P 500's 2.11% loss on the day. Meanwhile, the Dow lost 1.54%, and the Nasdaq, a tech-heavy index, lost 0.3%.

Heading into today, shares of the pulp company had lost 24.78% over the past month, lagging the Basic Materials sector's loss of 10.54% and the S&P 500's loss of 8.19% 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%.

Any recent changes to analyst estimates for Mercer International should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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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.

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. Within the past 30 days, our consensus EPS projection remained stagnant. Mercer International is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Mercer International currently has a Forward P/E ratio of 3. This represents a discount compared to its industry's average Forward P/E of 6.28.

The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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Mercer International Inc. (MERC) : Free Stock Analysis Report
 
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Zacks Investment Research