Matrix Service (MTRX) to Release Earnings on Wednesday

Matrix Service (NASDAQ:MTRX) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Matrix Service has set its FY 2025 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.07. Matrix Service had a negative return on equity of 16.87% and a negative net margin of 3.43%. The business had revenue of $189.50 million for the quarter, compared to analysts’ expectations of $215.61 million. On average, analysts expect Matrix Service to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Matrix Service Stock Performance

MTRX stock opened at $11.24 on Monday. The firm has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.61. Matrix Service has a fifty-two week low of $8.61 and a fifty-two week high of $13.90. The firm has a market cap of $309.66 million, a PE ratio of -12.35 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTRX. StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a report on Friday, October 18th. DA Davidson restated a “buy” rating and set a $18.00 price objective on shares of Matrix Service in a research report on Thursday, September 26th.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.