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

Matthews International

01/02/2024 22:42

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 53 cents.  The lone analyst forecast for
the quarter was for earnings of 37 cents per share. 
    * Revenue rose 0.2% to $449.99 million from a year ago;
analysts
expected $437.80 million. 
    * Matthews International Corp's reported EPS for the quarter
was a
loss of 7 cents​.
    * The company reported a quarterly loss of $2.3 million.
    * Matthews International Corp shares had fallen by 10.2%
this
quarter.

FORECAST CHANGES
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the personal
products
peer group is also "buy"

Wall Street's median 12-month price target for Matthews
International Corp is $53.00 
This summary was machine generated from LSEG data February 1 at
10:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.90           0.96           Beat
 Jun. 30 2023      0.63           0.74           Beat
 Mar. 31 2023      0.52           0.65           Beat