Matrix Service (MTRX) Reports Q4 Loss, Lags Revenue Estimates

Written by Emily J. Thompson, Senior Investment Analyst

MTRX+3.03%

Source: NASDAQ.COM

Updated: Sep 09 2024

0mins

Source: NASDAQ.COM

Quarterly Performance: Matrix Service (MTRX) reported a quarterly loss of $0.14 per share, better than the expected loss of $0.21, but revenues of $189.5 million fell short of estimates by 12.11%. The company has only surpassed consensus EPS estimates once in the last four quarters.
Future Outlook: The stock currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market. Investors are advised to monitor earnings estimate revisions and industry outlook, as these factors could significantly influence the stock's performance moving forward.

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MTRX

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About MTRX

Matrix Service Company, through its subsidiaries, is an industrial engineering, construction, and maintenance contractor. Its segments include Storage and Terminal Solutions, Utility and Power Infrastructure and Process and Industrial Facilities. The Storage and Terminal Solutions includes engineering, procurement, fabrication and construction services related to cryogenic and other specialty tanks and terminals for liquefied natural gas (LNG), natural gas liquids, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen and liquid petroleum. The Utility and Power Infrastructure includes engineering, procurement, fabrication and construction services to support growing demand for LNG utility peak shaving facilities. The Process and Industrial Facilities includes plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients, including refining and processing of crude oil, fractionating and marketing of natural gas and natural gas liquids.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.