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

Mistras

01/05/2024 22:38

* Mistras Group Inc  MG.N  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of four analysts for the quarter
was for earnings of 4 cents per share. Wall Street expected
results to range from -3 cents to 11 cents per share.
    * Revenue rose 9.8% to $184.44 million from a year ago;
analysts
expected $174.93 million. 
    * Mistras Group Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $995
thousand.
    * Mistras Group Inc shares had fallen by 8.5% this
quarter and
gained 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.4%
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 $13.00 
This summary was machine generated from LSEG data May 1 at 09:38
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
 Mar. 31 2024      0.04           0.07           Beat
 Dec. 31 2023      0.15           0.10           Missed
 Sep. 30 2023      0.16           0.18           Beat
 Jun. 30 2023      0.21           0.05           Missed