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

Matson

01/08/2023 23:05

* Matson Inc  MATX.N  reported quarterly adjusted earnings
of
$2.26​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of $1.92 per share.
    * Revenue fell 38.7% to $773.40 million from a year ago;
analysts
expected $762.35 million. 
    * Matson Inc's reported EPS for the quarter was $2.26​.
    * The mean earnings estimate of analysts had risen by
about 70.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Matson Inc shares had risen by 20.2% this quarter and
gained 49.5% so far this year.
    * The company reported quarterly net income of $80.8
million.
    * Wall Street's median 12-month price target for Matson Inc
is
$79.50 
    * 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 LSEG Refinitiv data
August 1 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.92           2.26           Beat
 Mar. 31 2023      0.76           0.94           Beat
 Dec. 31 2022      1.96           2.10           Beat
 Sep. 30 2022      7.07           6.89           Missed