Matthews International Corp reports results for the quarter ended in December - Earnings Summary

Matthews International

26/01/2023 22:42

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 53 cents​​ per share for the quarter ended
in December. The mean expectation of two analysts for the
quarter was for earnings of 54 cents per share.
    * Revenue rose 2.4% to $449.24 million from a year ago;
analysts
expected $431.60 million. 
    * Matthews International Corp's reported EPS for the quarter
was
12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Matthews International Corp shares had risen by 23.4% this
quarter.
    * The company reported quarterly net income of $3.7 million.
    * Wall Street's median 12-month price target for Matthews
International Corp is $46.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
26 at 10:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.54           0.53           Missed
 Sep. 30 2022      0.72           0.82           Beat
 Jun. 30 2022      0.57           0.58           Beat
 Mar. 31 2022      0.69           0.74           Beat