Matthews International Corp reports results for the quarter ended September 30 - Earnings Summary

Matthews International

21/11/2024 22:01

* Matthews International Corp  MATW.OQ  reported quarterly
adjusted earnings of 55 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 96 cents.  The mean expectation of
two analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 35 cents to 41
cents per share.
    * Revenue fell 7% to $446.70 million from a year ago;
analysts
expected $440.46 million. 
    * Matthews International Corp's reported EPS for the quarter
was a
loss of $2.21​.
    * The company reported a quarterly loss of $68.16 million.
    * Matthews International Corp shares had risen by 3.8% this
quarter and lost 34.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50.3%
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 $36.00 
This summary was machine generated from LSEG data November 21 at
10:01 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
 Sep. 30 2024      0.38           0.55           Beat
 Jun. 30 2024      0.56           0.56           Met
 Mar. 31 2024      0.46           0.69           Beat
 Dec. 31 2023      0.37           0.37           Met