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

Matrix Service Co

08/05/2023 22:02

* Matrix Service Co  MTRX.OQ  reported a quarterly adjusted
loss
of 47 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 19
cents per share.
    * Revenue rose 5.6% to $186.90 million from a year ago;
analysts
expected $198.89 million. 
    * Matrix Service Co's reported EPS for the quarter was a
loss
of 47 cents​.
    * The mean earnings estimate of analysts had fallen by
about 367.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Matrix Service Co shares had risen by 0.9% this
quarter and
lost 12.4% so far this year.
    * The company reported a quarterly loss of $12.69 million.
    * Wall Street's median 12-month price target for Matrix
Service Co
is $12.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
8 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.19          -0.47          Missed
 Dec. 31 2022      -0.10          -0.53          Missed
 Sep. 30 2022      -0.26          -0.24          Beat
 Jun. 30 2022      -0.30          -0.52          Missed