Matrix Service Co reports results for the quarter ended in December - Earnings Summary

Matrix Service Co

07/02/2024 22:40

* Matrix Service Co  MTRX.OQ  reported a quarterly adjusted
loss
of 18 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -53 cents.  The mean expectation of two analysts
for the quarter was for a loss of 10 cents per share. Wall
Street expected results to range from -17 cents to -3 cents per
share.
    * Revenue fell 9.7% to $175.04 million from a year ago;
analysts
expected $200.14 million. 
    * Matrix Service Co's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $2.85 million.
    * Matrix Service Co shares had fallen by 3.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 766.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Matrix Service Co
is $16.50 
This summary was machine generated from LSEG data February 7 at
10:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.10          -0.18          Missed
 Sep. 30 2023      -0.09          -0.21          Missed
 Jun. 30 2023      -0.21          -0.11          Beat
 Mar. 31 2023      -0.19          -0.33          Missed