Latest news with #MTRX
Yahoo
11-05-2025
- Business
- Yahoo
Matrix Service Company (NASDAQ:MTRX) Just Reported, And Analysts Assigned A US$17.00 Price Target
As you might know, Matrix Service Company (NASDAQ:MTRX) last week released its latest third-quarter, and things did not turn out so great for shareholders. It was a pretty negative result overall, with revenues of US$200m missing analyst predictions by 6.9%. Worse, the business reported a statutory loss of US$0.12 per share, much larger than the analysts had forecast prior to the result. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We check all companies for important risks. See what we found for Matrix Service in our free report. Taking into account the latest results, the consensus forecast from Matrix Service's two analysts is for revenues of US$1.01b in 2026. This reflects a huge 36% improvement in revenue compared to the last 12 months. Matrix Service is also expected to turn profitable, with statutory earnings of US$1.08 per share. In the lead-up to this report, the analysts had been modelling revenues of US$1.05b and earnings per share (EPS) of US$1.04 in 2026. So it's pretty clear that while sentiment around revenues has declined following the latest results, the analysts are now more bullish on the company's earnings power. Check out our latest analysis for Matrix Service The consensus price target fell 5.6% to US$17.00, with the analysts signalling that the weaker revenue outlook was a more powerful indicator than the upgraded EPS forecasts. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Matrix Service's past performance and to peers in the same industry. One thing stands out from these estimates, which is that Matrix Service is forecast to grow faster in the future than it has in the past, with revenues expected to display 28% annualised growth until the end of 2026. If achieved, this would be a much better result than the 6.4% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.7% annually. So it looks like Matrix Service is expected to grow faster than its competitors, at least for a while. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Matrix Service's earnings potential next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Even so, long term profitability is more important for the value creation process. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Matrix Service's future valuation. With that in mind, we wouldn't be too quick to come to a conclusion on Matrix Service. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Matrix Service going out as far as 2027, and you can see them free on our platform here. You can also see our analysis of Matrix Service's Board and CEO remuneration and experience, and whether company insiders have been buying stock. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
11-05-2025
- Business
- Yahoo
Matrix Service Company (NASDAQ:MTRX) Just Reported, And Analysts Assigned A US$17.00 Price Target
As you might know, Matrix Service Company (NASDAQ:MTRX) last week released its latest third-quarter, and things did not turn out so great for shareholders. It was a pretty negative result overall, with revenues of US$200m missing analyst predictions by 6.9%. Worse, the business reported a statutory loss of US$0.12 per share, much larger than the analysts had forecast prior to the result. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We check all companies for important risks. See what we found for Matrix Service in our free report. Taking into account the latest results, the consensus forecast from Matrix Service's two analysts is for revenues of US$1.01b in 2026. This reflects a huge 36% improvement in revenue compared to the last 12 months. Matrix Service is also expected to turn profitable, with statutory earnings of US$1.08 per share. In the lead-up to this report, the analysts had been modelling revenues of US$1.05b and earnings per share (EPS) of US$1.04 in 2026. So it's pretty clear that while sentiment around revenues has declined following the latest results, the analysts are now more bullish on the company's earnings power. Check out our latest analysis for Matrix Service The consensus price target fell 5.6% to US$17.00, with the analysts signalling that the weaker revenue outlook was a more powerful indicator than the upgraded EPS forecasts. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Matrix Service's past performance and to peers in the same industry. One thing stands out from these estimates, which is that Matrix Service is forecast to grow faster in the future than it has in the past, with revenues expected to display 28% annualised growth until the end of 2026. If achieved, this would be a much better result than the 6.4% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.7% annually. So it looks like Matrix Service is expected to grow faster than its competitors, at least for a while. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Matrix Service's earnings potential next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Even so, long term profitability is more important for the value creation process. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Matrix Service's future valuation. With that in mind, we wouldn't be too quick to come to a conclusion on Matrix Service. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Matrix Service going out as far as 2027, and you can see them free on our platform here. You can also see our analysis of Matrix Service's Board and CEO remuneration and experience, and whether company insiders have been buying stock. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Matrix Service (NASDAQ:MTRX) Misses Q1 Revenue Estimates
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 20.6% year on year to $200.2 million. The company's full-year revenue guidance of $785 million at the midpoint came in 8.1% below analysts' estimates. Its non-GAAP loss of $0.12 per share was significantly below analysts' consensus estimates. Is now the time to buy Matrix Service? Find out in our full research report. Matrix Service (MTRX) Q1 CY2025 Highlights: Revenue: $200.2 million vs analyst estimates of $215.1 million (20.6% year-on-year growth, 6.9% miss) Adjusted EPS: -$0.12 vs analyst estimates of -$0.05 (significant miss) Adjusted EBITDA: $5,000 vs analyst estimates of $334,500 (0% margin, relatively in line) The company dropped its revenue guidance for the full year to $785 million at the midpoint from $875 million, a 10.3% decrease Operating Margin: -2.5%, up from -8.7% in the same quarter last year Free Cash Flow Margin: 14.3%, up from 12.1% in the same quarter last year Backlog: $1.41 billion at quarter end Market Capitalization: $338.5 million 'Our third quarter results reflect accelerating revenue, supported by backlog growth which advances our return to profitability and enhances our visibility into future earnings,' said John Hewitt, President and Chief Executive Officer of Matrix Service Company. Company Overview Founded in Oklahoma, Matrix Service (NASDAQ:MTRX) provides engineering, fabrication, construction, and maintenance services primarily to the energy and industrial markets. Sales Growth A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Matrix Service's demand was weak over the last five years as its sales fell at a 10.7% annual rate. This wasn't a great result and is a sign of lacking business quality. Matrix Service Quarterly Revenue Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Matrix Service's annualized revenue declines of 3.1% over the last two years suggest its demand continued shrinking. Matrix Service Year-On-Year Revenue Growth This quarter, Matrix Service generated an excellent 20.6% year-on-year revenue growth rate, but its $200.2 million of revenue fell short of Wall Street's high expectations. Looking ahead, sell-side analysts expect revenue to grow 28.9% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and suggests its newer products and services will spur better top-line performance.
Yahoo
07-05-2025
- Business
- Yahoo
With 75% ownership of the shares, Matrix Service Company (NASDAQ:MTRX) is heavily dominated by institutional owners
Key Insights Significantly high institutional ownership implies Matrix Service's stock price is sensitive to their trading actions The top 11 shareholders own 52% of the company Past performance of a company along with ownership data serve to give a strong idea about prospects for a business We check all companies for important risks. See what we found for Matrix Service in our free report. A look at the shareholders of Matrix Service Company (NASDAQ:MTRX) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 75% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about Matrix Service. View our latest analysis for Matrix Service NasdaqGS:MTRX Ownership Breakdown May 7th 2025 What Does The Institutional Ownership Tell Us About Matrix Service? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Matrix Service does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Matrix Service's earnings history below. Of course, the future is what really matters. NasdaqGS:MTRX Earnings and Revenue Growth May 7th 2025 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Our data indicates that hedge funds own 5.5% of Matrix Service. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Our data shows that BlackRock, Inc. is the largest shareholder with 12% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.5% and 5.1% of the stock. In addition, we found that John Hewitt, the CEO has 1.5% of the shares allocated to their name.
