Matthews International Corp expected to post earnings of 69  cents a share - Earnings Preview

Matthews International

27/04/2022 03:02

* Matthews International Corp  MATW.OQ   MATW.O  is expected
to show a rise in quarterly revenue when it reports  results on
April 28. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 2.3% increase in revenue to $426.54 million from $417.15
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Matthews
International
Corp is for earnings of 69 cents per share. For the same quarter
last year, the company reported earnings of 89 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Matthews
International Corp is $50​, above​ its last closing price
of $29.42. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.55        0.58       0.74      Beat    28.3
 Sep. 30 2021  0.76        0.75       0.80      Beat    6.2
 Jun. 30 2021  0.75        0.75       0.91      Beat    21.3​
 Mar. 31 2021  0.75        0.75       0.89      Beat    19.5
 ​​Dec.        0.43        0.43       0.68      Beat    60
 31 2020                                                
 Sep. 30 2020  0.85        0.85       1.11      Beat    30.6​
 Jun. 30 2020  0.63        0.64       0.80      Beat    26
 Mar. 31 2020  0.38        0.38       0.63      Beat    65.8
 This summary was machine generated April 27 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated