Q: Can you provide you commentary on the Q3 result ?
Which is a better pick in your opinion between LNR, MG and MRE , if any ?
Which is a better pick in your opinion between LNR, MG and MRE , if any ?
5i Research Answer:
MRE EPS of 19c missed estimates of 47c; revenue of $1.23B missed estimates of $1.26B. EBITDA of $154M missed estimates by 1.5%. TD cut its target price. EPS fell sharply from 68c last year. Sales fell 10% year over year. Europe sales got hit hard, down 17%. Cash flow guidance was largely maintained. Unplanned OEM shutdowns resulted in a mix match of costs. The sector is having a rough go of it and these numbers reflect that.
We would, today, prefer MG.
We have comments posted now on LNR.