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MARKETS LIVE BLOG:

STOCK FUTURES SLIDE AS DOUBTS ABOUT U.S. ECONOMY GROW

Labour market update later Tuesday a precursor to the key May jobs report this Friday

Matrix Service Third Quarter 2024 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1 min read

Matrix Service (NASDAQ:MTRX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$166.0m (down 11% from 3Q 2023).

  • Net loss: US$14.6m (loss widened by 15% from 3Q 2023).

  • US$0.53 loss per share (further deteriorated from US$0.47 loss in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matrix Service Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Construction industry in the US.

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Performance of the American Construction industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

Be aware that Matrix Service is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.