Mistras Group Inc reports results for the quarter ended in December - Earnings Summary

Mistras

06/03/2024 22:38

* Mistras Group Inc  MG.N  reported quarterly adjusted
earnings of
10 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of four analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 13 cents to 17 cents per share.
    * Revenue rose 8.2% to $182.07 million from a year ago;
analysts
expected $174.28 million. 
    * Mistras Group Inc's reported EPS for the quarter was a
loss of 8
cents​.
    * The company reported a quarterly loss of $2.51 million.
    * Mistras Group Inc shares had risen by 12.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
oil &
gas peer group is  "buy."

Wall Street's median 12-month price target for Mistras Group Inc
is $11.00 
This summary was machine generated from LSEG data March 6 at
10:37 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
 Dec. 31 2023      0.15           0.10           Missed
 Sep. 30 2023      0.16           0.18           Beat
 Jun. 30 2023      0.21           0.05           Missed
 Mar. 31 2023      -0.07          -0.12          Missed