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

Mistras

02/11/2023 22:37

* Mistras Group Inc  MG.N  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of four analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 15 cents to 17 cents per share.
    * Revenue rose 0.5% to $179.35 million from a year ago;
analysts
expected $182.73 million. 
    * Mistras Group Inc's reported EPS for the quarter was a
loss
of 34 cents​.
    * The company reported a quarterly loss of $10.3 million.
    * Mistras Group Inc shares had fallen by 1.1% this
quarter and
gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.8%
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 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 $10.50 
This summary was machine generated from LSEG data November 2 at
10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.08           0.09           Beat