Matson Inc reports results for the quarter ended in December - Earnings Summary

Matson

21/02/2023 22:05

* Matson Inc  MATX.N  reported quarterly adjusted earnings
of
$2.10​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of $1.96 per share.
    * Revenue fell 36.7% to $801.60 million from a year ago;
analysts
expected $801.22 million. 
    * Matson Inc's reported EPS for the quarter was $2.10​.
    * The mean earnings estimate of analysts had fallen by
about 42.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Matson Inc shares had risen by 12.1% this quarter.
    * The company reported quarterly net income of $78 million.
    * Wall Street's median 12-month price target for Matson Inc
is
$74.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.96           2.10           Beat
 Sep. 30 2022      7.07           6.89           Missed
 Jun. 30 2022      9.38           9.49           Beat
 Mar. 31 2022      7.03           8.23           Beat