Reasons Why You Should Avoid Betting on MRC Global (MRC) [Yahoo! Finance]
MRC Global Inc. (MRC)
Last mrc global inc. earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
investor.mrcglobal.com/investor-overview
Company Research
Source: Yahoo! Finance
MRC Global MRC has failed to impress investors with its recent operational performance on account of softness in the Gas Utilities and Production & Transmission Infrastructure (PTI) sectors and rising operating costs. These factors are likely to impede MRC Global's earnings in the quarters ahead. Let's discuss the factors, which are likely to continue taking a toll on this current Zacks Rank #4 (Sell) company. Business Weakness: Decreased customer spending for modernization and replacement activity, and delayed customer projects are affecting the Gas Utilities and PTI sectors. Revenues from the company's Gas Utilities and PTI sectors decreased 21% and 15% year over year, respectively, in the fourth quarter of 2023. MRC Global expects overall revenues in the range of flat to decline in low-to-mid single digits in 2024. Steep Costs: MRC Global has been dealing with the adverse impacts of the high cost of sales (due to raw material cost inflation). In 2023, its cost of sales remai
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MRC
News
- If EPS Growth Is Important To You, MRC Global (NYSE:MRC) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
- A Dive into MRC Global's (MRC) International Revenue Trends and Forecasts [Yahoo! Finance]Yahoo! Finance
- MRC Global Inc. (NYSE: MRC) had its price target raised by analysts at Susquehanna from $13.00 to $15.00. They now have a "positive" rating on the stock.MarketBeat
- MRC Global makes board appointment in deal with Engine Capital [Seeking Alpha]Seeking Alpha
- MRC Global Announces Agreement with Engine Capital and Appointment of Daniel Silvers to the Board of Directors [Yahoo! Finance]Yahoo! Finance
MRC
Earnings
- 2/13/24 - Beat
MRC
Sec Filings
- 4/3/24 - Form 3
- 4/3/24 - Form ARS
- 4/3/24 - Form DEF
- MRC's page on the SEC website