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

Matthews International

28/07/2022 22:57

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 58 cents​​ per share for the quarter ended
in June. The mean expectation of two analysts for the quarter
was for earnings of 56 cents per share.
    * Revenue fell 1.6% to $421.72 million from a year ago;
analysts
expected $419.79 million. 
    * Matthews International Corp's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Matthews International Corp shares had fallen by 4.2% this
quarter and lost 25.1% so far this year.
    * The company reported quarterly net income of $2.89
million.
    * Wall Street's median 12-month price target for Matthews
International Corp is $45.50 
    * 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 July 28
at 09:56 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.57           0.58           Beat
 Mar. 31 2022      0.69           0.74           Beat
 Dec. 31 2021      0.58           0.74           Beat
 Sep. 30 2021      0.75           0.80           Beat