Matrix Service Q1 EPS $(0.21) Misses $(0.09) Estimate, Sales $197.66M Beat $197.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matrix Service (NASDAQ:MTRX) reported Q1 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.09) by 133.33 percent. This is a 40 percent decrease over losses from the same period last year. However, the company's quarterly sales of $197.66 million beat the analyst consensus estimate of $197.11 million by 0.28 percent, despite a 5.17 percent decrease over sales from the same period last year.
November 08, 2023 | 9:23 pm
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NEGATIVE IMPACT
Matrix Service's Q1 earnings per share missed estimates by 133.33%, indicating a potential negative impact on the stock. However, the company beat sales estimates, which could offset some of the negative sentiment.
Matrix Service's Q1 earnings per share missed estimates significantly, which could lead to a negative market reaction and potential downward pressure on the stock. However, the company's sales beat estimates, which could provide some positive sentiment and potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100