Matrix Service Q3 2024 Adj EPS $(0.53) Misses $(0.13) Estimate, Sales $166.013M Miss $195.289M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matrix Service (NASDAQ:MTRX) reported Q3 2024 adjusted EPS of $(0.53), missing the $(0.13) estimate, and sales of $166.013M, missing the $195.289M estimate. This represents a decrease in performance compared to the same period last year.
May 08, 2024 | 8:39 pm
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NEGATIVE IMPACT
Matrix Service reported significantly lower than expected Q3 2024 earnings and sales, indicating a decrease in performance from the previous year.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a year-over-year decrease in performance, is likely to negatively impact investor sentiment and the stock price of Matrix Service in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100