Will MYE's Q1 2025 earnings beat forecasts?

**Myers Industries Inc. (MYE) is likely to report earnings that beat forecasts in Q1 2025**, based on the following points: 1. **Consistent Growth in Sales**: MYE has shown a robust increase in net sales, with a 6.7% year-over-year growth in Q4 2024, reaching $203.9 million. This trend suggests a strong demand for its products, which is a positive indicator for the upcoming quarter. 2. **Strategic Initiatives**: The company has announced a focused transformation program aimed at achieving $20 million in annualized cost savings by the end of 2025. Such initiatives often lead to improved profitability and can result in better-than-expected earnings. 3. **Beat Expectations in Q4 2024**: MYE's adjusted earnings for Q4 2024 exceeded analyst expectations, with a reported $0.19 per share, compared to the consensus estimate of $0.10 per share. This recent outperformance suggests that the company's operational efficiency and market positioning are strong. 4. **Positive Market Sentiment**: Despite missing earnings expectations in the previous quarter, MYE's stock saw a 3.08% premarket gain following the release of Q4 2024 results. This positive market sentiment can translate into higher earnings expectations for Q1 2025. However, it's important to note that: 1. **Challenges in Distribution Segment**: The Distribution segment faced a 20.2% decrease in net sales due to lower volume and pricing. This segment's performance could impact Q1 2025 earnings if the issues persist. 2. **Interest Expense**: The company's diluted adjusted earnings per share decreased to $0.19 from $0.29 in 2023, primarily due to increased interest expense. If interest rates or financing costs continue to affect earnings, it could affect the Q1 2025 results. In conclusion, while there are potential challenges, the overall positive trends in sales growth, strategic initiatives, and recent earnings outperformance suggest that MYE's Q1 2025 earnings are poised to beat forecasts.