Q2 Earnings Forecast for Matrix Service Issued By Sidoti Csr

Key Points

• Matrix Service Company saw its Q2 2026 EPS estimate cut from $0.10 to $0.09 by Sidoti Csr, with a current consensus estimate for the full year at ($0.26) per share.
• DA Davidson lowered its target price for Matrix Service from $18.00 to $17.00, maintaining a "buy" rating based on an average target price of $17.00 and overall positive sentiment among analysts.
• In its latest quarterly earnings report, Matrix Service reported a loss of ($0.28) per share, missing expectations and recording revenue of $216.38 million against an estimate of $232.25 million.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Equities research analysts at Sidoti Csr decreased their Q2 2026 EPS estimates for shares of Matrix Service in a research note issued on Thursday, September 11th. Sidoti Csr analyst J. Franzreb now forecasts that the company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.10. The consensus estimate for Matrix Service's current full-year earnings is ($0.26) per share. Sidoti Csr also issued estimates for Matrix Service's Q4 2027 earnings at $0.35 EPS.

Separately, DA Davidson lowered their target price on shares of Matrix Service from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Matrix Service has an average rating of "Buy" and an average price target of $17.00.

Matrix Service Price Performance

Shares of MTRX stock traded up $0.29 during trading hours on Friday, reaching $13.07. The stock had a trading volume of 173,353 shares, compared to its average volume of 200,624. Matrix Service has a twelve month low of $9.33 and a twelve month high of $16.10. The firm has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $13.03. The firm has a market capitalization of $360.75 million, a PE ratio of -12.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13.

Matrix Service (NASDAQ:MTRX - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.30). Matrix Service had a negative return on equity of 17.21% and a negative net margin of 3.83%.The firm had revenue of $216.38 million during the quarter, compared to analyst estimates of $232.25 million. During the same period last year, the business earned ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS.

Institutional Trading of Matrix Service

Several institutional investors have recently made changes to their positions in MTRX. New York State Teachers Retirement System acquired a new stake in shares of Matrix Service during the first quarter worth approximately $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Matrix Service by 180.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the company's stock worth $32,000 after purchasing an additional 1,746 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Matrix Service by 68.9% during the second 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 during the period. Brooklyn Investment Group boosted its holdings in shares of Matrix Service by 2,026.3% during the first quarter. Brooklyn Investment Group now owns 3,402 shares of the company's stock worth $42,000 after purchasing an additional 3,242 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Matrix Service by 133.9% during the second 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 period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.