Matson Inc expected to post earnings of $3.08 a share - Earnings Preview

Matson

27/10/2023 13:17

* Matson Inc  MATX.N   MATX.K  is expected to show a fall in
quarterly revenue when it reports  results on October 30. 
    * The Honolulu Hawaii-based  company is expected to report 
a
36.1% decrease in revenue to $712.489 million from $1.11 billion
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Matson Inc is for
earnings of $3.08 per share. The company's EPS guidance on
October 23 2023, for the period ended September 30, was between
$3.23 and $3.41 
    * 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
$110​, above​ its last closing price of $89.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  6.74        7.07       6.89      Missed  -2.5
 ​​Jun.        9.38        9.38       9.49      Beat    1.2
 30 2022                                                
 Mar. 31 2022  7.37        7.03       8.23      Beat    17.2​
                                      9.39              
 Sep. 30 2021  5.92        5.23       6.53      Beat    25
 This summary was machine generated October 27 at 12:17 GMT.  All
figures in US dollars  unless otherwise stated