The Consensus EPS Estimates For P. H. Glatfelter Company (NYSE:GLT) Just Fell Dramatically
The analysts covering P. H. Glatfelter Company (NYSE:GLT) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Revenue and earnings per share (EPS) forecasts were both revised downwards, with analysts seeing grey clouds on the horizon.
Following the latest downgrade, the two analysts covering P. H. Glatfelter provided consensus estimates of US$862m revenue in 2020, which would reflect a discernible 7.3% decline on its sales over the past 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of US$0.73 per share this year. Previously, the analysts had been modelling revenues of US$963m and earnings per share (EPS) of US$0.83 in 2020. Indeed, we can see that the analysts are a lot more bearish about P. H. Glatfelter's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot.
Check out our latest analysis for P. H. Glatfelter
Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing that stands out from these estimates is that shrinking revenues are expected to moderate from the historical decline of 18% per annum over the past five years.
The Bottom Line
The biggest issue in the new estimates is that analysts have reduced their earnings per share estimates, suggesting business headwinds lay ahead for P. H. Glatfelter. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that P. H. Glatfelter's revenues are expected to grow slower than the wider market. We wouldn't be surprised to find shareholders feeling a bit shell-shocked, after these downgrades. It looks like analysts have become a lot more bearish on P. H. Glatfelter, and their negativity could be grounds for caution.
Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for P. H. Glatfelter going out as far as 2021, and you can see them free on our platform here.
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