Q3 EPS Estimate for Matrix Service Lifted by Analyst

Key Points

• Northland raised its Q3 2027 EPS estimate for Matrix Service to $0.18 from $0.11, and forecasts $0.68 EPS for FY2027, with estimates of $0.61–$0.73 for FY2028–FY2030.
• Matrix Service reported quarterly EPS of $0.23, beating the $0.18 consensus, but revenue of $219.4 million fell short of the $239.78 million estimate.
• Weiss Ratings downgraded the stock to “sell,” while the analyst consensus remained “Moderate Buy” with a $16.50 price target; shares were down 3.9%.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Northland Securities raised their Q3 2027 EPS estimates for Matrix Service in a report issued on Friday, November 6th. Northland Securities analyst T. Jackson now expects that the company will post earnings per share of $0.18 for the quarter, up from their prior estimate of $0.11. The consensus estimate for Matrix Service's current full-year earnings is $0.67 per share. Northland Securities also issued estimates for Matrix Service's Q4 2027 earnings at $0.11 EPS, FY2027 earnings at $0.68 EPS, FY2028 earnings at $0.61 EPS, FY2029 earnings at $0.67 EPS and FY2030 earnings at $0.73 EPS.

Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Matrix Service had a net margin of 0.83% and a return on equity of 9.98%. The firm had revenue of $219.40 million during the quarter, compared to the consensus estimate of $239.78 million.

Separately, Weiss Ratings lowered shares of Matrix Service from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.50.

Matrix Service Stock Down 3.9%

Shares of MTRX stock opened at $9.23 on Wednesday. The company has a market cap of $259.09 million, a P/E ratio of 19.20, a P/E/G ratio of 0.80 and a beta of 1.03. Matrix Service has a twelve month low of $8.47 and a twelve month high of $14.64. The business has a fifty day simple moving average of $10.02 and a 200 day simple moving average of $11.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTRX. Boston Partners raised its holdings in Matrix Service by 6.5% in the 3rd quarter. Boston Partners now owns 41,515 shares of the company's stock valued at $397,000 after buying an additional 2,521 shares during the last quarter. Diversified Trust Co grew its holdings in Matrix Service by 33.4% during the 3rd quarter. Diversified Trust Co now owns 15,037 shares of the company's stock worth $144,000 after acquiring an additional 3,762 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Matrix Service by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 284,153 shares of the company's stock worth $2,719,000 after acquiring an additional 17,667 shares during the last quarter. Verus Capital Partners LLC increased its position in Matrix Service by 52.4% in the 3rd quarter. Verus Capital Partners LLC now owns 79,500 shares of the company's stock valued at $761,000 after acquiring an additional 27,325 shares during the period. Finally, Bridge City Capital LLC increased its position in Matrix Service by 43.3% in the 3rd quarter. Bridge City Capital LLC now owns 28,978 shares of the company's stock valued at $277,000 after acquiring an additional 8,755 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Matrix Service News Summary

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Northland increased its 2027 estimates: Q3 EPS rose to $0.18 from $0.11, Q4 to $0.11 from $0.06, and full-year EPS to $0.68 from $0.61. The FY2027 estimate is slightly above the cited $0.67 consensus for the current year. Matrix Service coverage
• Positive Sentiment: Northland also raised its longer-term EPS forecasts: FY2028 to $0.61 from $0.50, FY2029 to $0.67 from $0.55, FY2030 to $0.73 from $0.59, and FY2031 to $0.75 from $0.61. Broad-based upward revisions may improve investor expectations for future profitability. Matrix Service coverage
• Neutral Sentiment: A short-interest update reported zero shares short and a zero-day days-to-cover ratio, despite describing short interest as having increased. The figures appear inconsistent, so the report offers little clear signal about positioning. Matrix Service coverage
• Negative Sentiment: Northland trimmed its Q2 2027 EPS forecast slightly, to $0.18 from $0.19, a small offset to its other estimate increases. Matrix Service coverage

Matrix Service Company Profile

Matrix Service Company NASDAQ: MTRX is an engineering, construction, and maintenance services provider serving the energy and industrial markets. Based in Tulsa, Oklahoma, the company supports the development, operation, and maintenance of critical infrastructure for customers across North America. Through its operating businesses, Matrix Service provides engineering, procurement, fabrication, construction, commissioning, maintenance, and repair services. Its capabilities include aboveground storage tanks, terminals, pipelines, process facilities, power infrastructure, and other energy-related assets.

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