Matrix Service (NASDAQ:MTRX) Posts Earnings Results, Misses Estimates By $0.30 EPS

Key Points

• Matrix Service reported quarterly earnings of ($0.28) EPS, missing the consensus estimate of $0.02 by ($0.30). This signifies a poor performance compared to market expectations.
• The company experienced a negative net margin of 3.04% and a negative return on equity of 14.08%, indicating challenges in profitability and financial efficiency.
• Shares of Matrix Service fell to $14.25 after the earnings announcement, reflecting a decrease of $0.46 on the trading day.

Matrix Service (NASDAQ:MTRX - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.30), Zacks reports. Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. The business had revenue of $216.38 million for the quarter, compared to analysts' expectations of $232.25 million. During the same period in the prior year, the company posted ($0.14) EPS. Matrix Service updated its FY 2026 guidance to EPS.

Matrix Service Price Performance

MTRX traded down $0.25 during trading hours on Friday, reaching $12.80. The company's stock had a trading volume of 309,534 shares, compared to its average volume of 213,466. The business's 50-day moving average is $14.55 and its 200-day moving average is $13.02. The stock has a market cap of $353.41 million, a PE ratio of -12.19, a P/E/G ratio of 1.07 and a beta of 1.13. Matrix Service has a fifty-two week low of $9.33 and a fifty-two week high of $16.10.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MTRX. BNP Paribas Financial Markets raised its stake in shares of Matrix Service by 68.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company's stock valued at $34,000 after acquiring an additional 1,032 shares during the period. Tower Research Capital LLC TRC raised its position in Matrix Service by 133.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company's stock valued at $45,000 after purchasing an additional 1,893 shares during the period. Raymond James Financial Inc. purchased a new stake in Matrix Service in the second quarter valued at approximately $101,000. The Manufacturers Life Insurance Company acquired a new position in Matrix Service during the second quarter worth $137,000. Finally, Creative Planning purchased a new position in shares of Matrix Service during the second quarter worth $176,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on Matrix Service from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $17.00.

Matrix Service Company Profile

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.