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

Matthews International

02/05/2024 23:51

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 69 cents​​ per share for the quarter ended
in January, higher than the same quarter last year, when the
company reported EPS of 65 cents.  The mean expectation of
two analysts for the quarter was for earnings of 46 cents per
share. Wall Street expected results to range from 45 cents to 46
cents per share.
    * Revenue fell 1.7% to $471.22 million from a year ago;
analysts
expected $469.38 million. 
    * Matthews International Corp's reported EPS for the quarter
was
29 cents​.
    * The company reported quarterly net income of $9.03
million.
    * Matthews International Corp shares had fallen by 14.1%
this
quarter and lost 27.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $48.00 
This summary was machine generated from LSEG data May 2 at 10:50
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
 Mar. 31 2024      0.46           0.69           Beat
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.90           0.96           Beat
 Jun. 30 2023      0.63           0.74           Beat