Q4 EPS Estimates for Matrix Service Decreased by Analyst

Key Points

• Northland Securities lowered its Q4 2026 EPS estimate for Matrix Service to $0.18 from $0.22, though it kept a Strong-Buy rating on the stock.
• Matrix Service recently beat EPS expectations, reporting $0.13 per share versus the $0.07 consensus, but revenue missed estimates at $206.71 million versus $231.52 million expected.
• Analyst sentiment remains mixed: the stock has a MarketBeat average rating of Moderate Buy with a $20.50 price target, while recent estimates show some optimism for longer-term earnings growth.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Stock analysts at Northland Securities lowered their Q4 2026 EPS estimates for shares of Matrix Service in a report issued on Friday, May 8th. Northland Securities analyst T. Jackson now expects that the company will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.22. Northland Securities currently has a "Strong-Buy" rating on the stock. The consensus estimate for Matrix Service's current full-year earnings is $0.18 per share. Northland Securities also issued estimates for Matrix Service's Q1 2027 earnings at $0.23 EPS, Q2 2027 earnings at $0.22 EPS, Q3 2027 earnings at $0.19 EPS, Q4 2027 earnings at $0.19 EPS, FY2027 earnings at $0.81 EPS, FY2028 earnings at $0.69 EPS, FY2029 earnings at $0.76 EPS and FY2030 earnings at $0.82 EPS.

Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. Matrix Service had a negative net margin of 1.77% and a negative return on equity of 3.60%. The company had revenue of $206.71 million during the quarter, compared to analysts' expectations of $231.52 million.

Several other equities research analysts have also recently weighed in on the stock. DA Davidson reissued a "buy" rating and set a $17.00 price target on shares of Matrix Service in a research report on Friday, February 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Matrix Service in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.50.

Matrix Service Stock Performance

Shares of Matrix Service stock opened at $12.18 on Monday. Matrix Service has a 52-week low of $9.88 and a 52-week high of $16.10. The stock has a market capitalization of $342.62 million, a price-to-earnings ratio of -22.98, a price-to-earnings-growth ratio of 3.76 and a beta of 1.02. The company has a fifty day moving average of $11.65 and a 200-day moving average of $12.21.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTRX. Allspring Global Investments Holdings LLC increased its stake in shares of Matrix Service by 427.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 81,919 shares of the company's stock worth $963,000 after acquiring an additional 66,400 shares in the last quarter. Strs Ohio increased its stake in shares of Matrix Service by 15.3% in the 1st quarter. Strs Ohio now owns 54,200 shares of the company's stock worth $622,000 after acquiring an additional 7,200 shares in the last quarter. Azarias Capital Management L.P. increased its stake in shares of Matrix Service by 11.8% in the 1st quarter. Azarias Capital Management L.P. now owns 817,021 shares of the company's stock worth $9,379,000 after acquiring an additional 86,254 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Matrix Service by 5.5% in the 4th quarter. XTX Topco Ltd now owns 48,808 shares of the company's stock worth $571,000 after acquiring an additional 2,549 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Matrix Service by 73.5% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 40,493 shares of the company's stock worth $474,000 after acquiring an additional 17,158 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Matrix Service news, VP Nancy E. Austin sold 4,193 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $11.29, for a total value of $47,338.97. Following the completion of the transaction, the vice president directly owned 106,138 shares in the company, valued at approximately $1,198,298.02. This represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company's stock.

Matrix Service News Roundup

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

• Positive Sentiment: Northland Securities raised multiple forward earnings estimates for Matrix Service, including FY2027 to $0.81, FY2028 to $0.69, FY2029 to $0.76, and FY2030 to $0.82, while maintaining a Strong-Buy rating. This suggests improving long-term profitability expectations and could help support the stock. Matrix Service estimate changes
• Positive Sentiment: Northland also increased near-term estimates for Q1 2027, Q2 2027, Q3 2027, and Q4 2027, indicating analysts see a stronger earnings trajectory ahead for Matrix Service. Matrix Service estimate changes
• Neutral Sentiment: Sidoti lowered several near-term earnings estimates, including Q1 2027, Q2 2027, and Q4 2027, reflecting some caution about the company’s short-term profit outlook. Matrix Service estimate changes
• Neutral Sentiment: The company recently beat quarterly EPS expectations, but revenue came in below estimates, leaving investors with a mixed fundamental picture as they assess whether earnings strength can continue. Matrix Service earnings results

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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