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

Matthews International

28/07/2023 04:17

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 74 cents​​ per share for the quarter ended
in June. The mean expectation of two analysts for the quarter
was for earnings of 63 cents per share.
    * Revenue rose 11.9% to $471.91 million from a year ago;
analysts
expected $464.28 million. 
    * Matthews International Corp's reported EPS for the quarter
was
28 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6% 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 13.7% this
quarter and gained 59.1% so far this year.
    * The company reported quarterly net income of $8.74
million.
    * Wall Street's median 12-month price target for Matthews
International Corp is $49.00 
    * 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 LSEG Refinitiv data July
28 at 03:17 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.63           0.74           Beat
 Mar. 31 2023      0.52           0.65           Beat
 Dec. 31 2022      0.54           0.53           Missed
 Sep. 30 2022      0.72           0.82           Beat