Earnings Outlook For Matthews International
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts estimating an EPS of $0.37. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, MATW's stock price has shown volatility post-earnings, with a mix of positive and negative reactions. Shares are currently trading at $34.23, down 11.84% over the last 52 weeks. The company's past earnings performance has not consistently correlated with the stock's price movement the following day.
January 31, 2024 | 6:01 pm
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Matthews International is set to report earnings with an anticipated EPS of $0.37. Past earnings have led to mixed stock price reactions, and shares are down over the past year.
The short-term impact on MATW's stock price is uncertain due to mixed historical price reactions post-earnings. While an earnings beat could lead to a positive short-term price movement, the stock has previously dropped even after beating EPS estimates. The current downward trend over the past year may also weigh on investor sentiment.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100