Matthews International's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with an estimated EPS of $0.90. Investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows mixed results with both beats and misses, sometimes followed by stock price drops. Shares are currently trading at $39.03, up 38.52% over the last 52 weeks. Long-term shareholders are generally positive ahead of the earnings release.
November 15, 2023 | 4:01 pm
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Matthews International is set to report earnings with an anticipated EPS of $0.90. Past performance shows mixed reactions to earnings results. Shares have risen over the past year, indicating positive sentiment among long-term investors.
The estimated EPS of $0.90 sets a benchmark for Matthews International's earnings report. Historical data shows that the stock price can react negatively even after an earnings beat, indicating that guidance and future outlook may play a larger role in short-term price movements. The positive year-over-year stock performance suggests a generally optimistic long-term view, but the short-term impact of the earnings report is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100