Matson Inc expected to post earnings of $1.51 a share - Earnings Preview

Matson

16/02/2024 23:12

* Matson Inc  MATX.N   MATX.K  is expected to show a fall in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Honolulu Hawaii-based  company is expected to report a
8.5% decrease in revenue to $733.602 million from $801.6 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Matson Inc is for
earnings of
$1.51 per share. The company's EPS guidance on January 18 2024,
for the period ended December 31, was between $1.65 and $1.78 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Matson Inc
is
$117.00​, below​ its last closing price of $117.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  3.35        3.08       3.40      Beat    10.3
 Jun. 30 2023  2.24        1.92       2.26      Beat    17.5
 Mar. 31 2023  0.79        0.76       0.94      Beat    24.2​
 Dec. 31 2022  1.96        1.96       2.10      Beat    7
 ​​Sep.        6.74        7.07       6.89      Missed  -2.5
 30 2022                                                
 Jun. 30 2022  9.38        9.38       9.49      Beat    1.2​
 Mar. 31 2022  7.37        7.03       8.23      Beat    17.2
                                      9.39              
 This summary was machine generated February 16 at 23:12 GMT. 
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)