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

Matthews International

17/11/2022 22:01

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 82 cents​​ per share for the quarter ended
in September. The mean expectation of two analysts for the
quarter was for earnings of 72 cents per share.
    * Revenue rose 4.2% to $457.13 million from a year ago;
analysts
expected $419.21 million. 
    * Matthews International Corp's reported EPS for the quarter
was a
loss of $2.63​.
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Matthews International Corp shares had risen by 22.7% this
quarter and lost 25.0% so far this year.
    * The company reported a quarterly loss of $80.96 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 November
17 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.58           0.74           Beat