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

Mistras

31/07/2024 22:23

* Mistras Group Inc  MG.N  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of three analysts for the quarter
was for earnings of 14 cents per share. Wall Street expected
results to range from 12 cents to 15 cents per share.
    * Revenue rose 7.8% to $189.77 million from a year ago;
analysts
expected $185.81 million. 
    * Mistras Group Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $6.37
million.
    * Mistras Group Inc shares had risen by 21.0% this
quarter and
gained 37.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% 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 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
oil &
gas peer group is also "strong buy"

Wall Street's median 12-month price target for Mistras Group Inc
is $13.00 
This summary was machine generated from LSEG data July 31 at
09:23 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
 Jun. 30 2024      0.14           0.21           Beat
 Mar. 31 2024      0.04           0.07           Beat
 Dec. 31 2023      0.15           0.10           Missed
 Sep. 30 2023      0.16           0.18           Beat