Matrix Service Co reports results for the quarter ended in January 1 - Earnings Summary
07/11/2024 14:29
* Matrix Service Co MTRX.OQ reported a quarterly adjusted
loss
of 33 cents per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of -21 cents. The mean expectation of two analysts for the
quarter was for a loss of 32 cents per share. Wall Street
expected results to range from -46 cents to -18 cents per share.
* Revenue fell 16.2% to $165.58 million from a year ago;
analysts
expected $169.50 million.
* Matrix Service Co's reported EPS for the quarter was a
loss
of 33 cents.
* The company reported a quarterly loss of $9.22 million.
* Matrix Service Co shares had risen by 12.0% this
quarter and
gained 32.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 203.8% 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 17.00
This summary was machine generated from LSEG data November 7 at
02:29 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
Sep. 30 2024 -0.32 -0.33 Missed
Jun. 30 2024 -0.21 -0.14 Beat
Mar. 31 2024 -0.13 -0.53 Missed
Dec. 31 2023 -0.10 -0.18 Missed