MATX Earnings Prediction
The chart below shows how MATX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MATX sees a -0.11% change in stock price 10 days leading up to the earnings, and a +2.15% change 10 days following the report. On the earnings day itself, the stock moves by -2.09%. This data can give you a slight idea of what to expect for the next quarter's release.
MATX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
962.00M
16.25%
13.52%
Gross Margin
31.99%
30.15%
35.21%
Operating Margin
24.47%
54.78%
68.06%
Net Margin
20.70%
42.86%
54.94%
EPS
5.89
73.24%
77.95%
No Data Available
MATX Earnings Analysis
Matsons, Inc. Corporation (MATX.N) Earnings Conference Call
Positive
Operating Income Increase: Consolidated operating income increased by $110.2 million year-over-year to $242.3 million, driven by higher contributions from Ocean Transportation and Logistics.
Logistics Operating Income Increase: Operating income in Logistics rose to $15.4 million, approximately $1.5 million higher than the previous year, due to increased contributions from supply chain management and transportation brokerage services.
China Service Volume Increase: Matson's China service volume increased by 2.6% year-over-year, supported by two additional sailings and significantly higher average freight rates.
Joint Venture Contribution Increase: The terminal joint venture SSAT's contribution increased by $5.6 million year-over-year to $6.9 million, primarily due to higher lift volume.
Share Repurchase Commitment: Year-to-date, Matson repurchased approximately 1.4 million shares for a total cost of $169.2 million, demonstrating a commitment to returning excess capital to shareholders.
Negative
Hawaii Container Volume Decline: Container volume in Hawaii service decreased 2.2% year-over-year due to lower general demand, with tourism impacted by declines in Maui tourism and sluggish recovery in Japanese tourist arrivals.
Container Volume Decline: In Guam, Matson's container volume decreased 9.4% year-over-year due to lower demand from retail and food and beverage segments, with expectations for lower volume in 2024 compared to last year.
Volume Decline Expectations: For 2024, Matson expects volume to be modestly lower than the level achieved last year primarily due to low or no growth in tourism, continued challenges in population growth, and lower discretionary income from higher inflation and interest rates.
Ocean Transportation Income Decline: The company anticipates that the overall Ocean Transportation operating income for the fourth quarter will be lower than the average rates achieved in the third quarter as peak season demand eases.
Freight Rate Uncertainties: Despite a strong performance in 2024, uncertainties remain regarding the normalization of freight rates in the Transpacific tradelane, which could lead to a reduction in rates in the future.
MATX FAQs
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MATX Earning Call Sentiment
Matson, Inc. (MATX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MATX.N
0.06%Positive
The earnings call summary shows strong financial performance with significant year-over-year growth in operating income and net income, supported by higher freight rates and effective cost management. The company's commitment to shareholder returns through dividends and share repurchases adds to the positive sentiment. Despite some challenges in volume declines and inflation impacts, the overall outlook remains optimistic with sustained strong import data and extended charters reducing future costs. The market cap suggests moderate reaction, leading to a prediction of a 2% to 8% stock price increase over the next two weeks.
