Mistras Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Mistras

31/10/2024 02:54

* Mistras Group Inc  MG.N  reported quarterly adjusted
earnings of
20 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of three analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 25 cents to 28 cents per share.
    * Revenue rose 1.9% to $182.69 million from a year ago;
analysts
expected $185.94 million. 
    * Mistras Group Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $6.4 million.
    * Mistras Group Inc shares had fallen by 0.9% this
quarter and
gained 54.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong 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 integrated
oil &
gas peer group is  "buy."

Wall Street's median 12-month price target for Mistras Group Inc
is $15.00 
This summary was machine generated from LSEG data October 31 at
02:54 a.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      0.27           0.20           Missed
 Jun. 30 2024      0.17           0.21           Beat
 Mar. 31 2024      0.06           0.07           Beat
 Dec. 31 2023      0.15           0.10           Missed