Myers Industries Earnings Preview
Investors are on the edge of their collective seats, hoping that Myers Industries (NYS: MYE) will top analyst expectations for the third consecutive quarter. The company will unveil its latest earnings on Thursday, Feb. 16. Myers Industries is engaged in the manufacturing of plastic reusable material handling containers and pallets.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Myers Industries, with analysts unanimously rating it hold. Analysts don't like Myers Industries as much as competitor Illinois Tool Works overall. Nine out of 16 analysts rate Illinois Tool Works a buy compared to zero out of three for Myers Industries.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.16 per share. Estimates range from $0.15 to $0.18.
What our community says:
CAPS All-Stars are in strong support of the stock, with 96.4% giving it an outperform rating. The community at large agrees with the All-Stars, with 90.5% granting it a rating of outperform. Fools are keen on Myers Industries, though the message boards have been quiet lately, with only 34 posts in the past 30 days. Despite the majority sentiment in favor of Myers Industries, the stock has a middling CAPS rating of three out of five stars.
Revenue has now gone up for three straight quarters.
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At the time this article was published
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