Q1 EPS Estimates for Matrix Service Boosted by Analyst

Key Points

• Northland Securities raised its Q1 2027 EPS forecast for Matrix Service to $0.25 from $0.23, while projecting $0.19 for Q2 2027 and $0.11 for Q3 2027.
• Matrix Service’s latest quarterly results fell slightly short of expectations, with EPS of $0.16 versus $0.17 expected and revenue of $244.53 million versus $247.04 million forecast.
• The stock opened at $10.62 and remains below its 52-week high of $15.97; analysts hold a “Moderate Buy” consensus with an average price target of $16.50, despite a Weiss Ratings “sell” designation.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Investment analysts at Northland Securities boosted their Q1 2027 earnings estimates for Matrix Service in a research note issued on Friday, September 4th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.23. The consensus estimate for Matrix Service's current full-year earnings is $0.69 per share. Northland Securities also issued estimates for Matrix Service's Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.11 EPS and FY2031 earnings at $0.61 EPS.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $244.53 million for the quarter, compared to analysts' expectations of $247.04 million. Matrix Service had a positive return on equity of 5.32% and a negative net margin of 0.30%.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Matrix Service in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Matrix Service has a consensus rating of "Moderate Buy" and an average price target of $16.50.

Matrix Service Price Performance

MTRX opened at $10.62 on Monday. Matrix Service has a 1-year low of $9.70 and a 1-year high of $15.97. The stock has a market cap of $300.44 million, a P/E ratio of -118.00, a P/E/G ratio of 0.85 and a beta of 0.98. The stock's 50 day simple moving average is $11.88 and its 200 day simple moving average is $12.09.

Hedge Funds Weigh In On Matrix Service

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRX. Quarry LP purchased a new stake in shares of Matrix Service in the third quarter valued at about $28,000. BNP Paribas Financial Markets increased its stake in shares of Matrix Service by 68.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock worth $34,000 after purchasing an additional 1,032 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Matrix Service during the 2nd quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its position in shares of Matrix Service by 133.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock worth $45,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Matrix Service during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Matrix Service Company Profile

Matrix Service Company NASDAQ: MTRX is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company's service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.

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