Sidoti Brokers Lower Earnings Estimates for Matrix Service

Key Points

• Sidoti cut its near-term earnings estimates for Matrix Service, lowering Q1 2027 EPS to $0.13 from $0.20 and also trimming its Q2 and Q4 2027 forecasts.
• Matrix Service recently beat EPS expectations with $0.13 per share versus the $0.07 consensus, but revenue of $206.71 million fell short of the $231.52 million estimate.
• Analyst views remain mixed: the stock carries a consensus “Moderate Buy” rating with an average target price of $20.50, even as some firms stay bullish and others remain cautious.

Matrix Service Company (NASDAQ:MTRX - Free Report) - Stock analysts at Sidoti reduced their Q1 2027 earnings per share (EPS) estimates for shares of Matrix Service in a research report issued on Friday, May 8th. Sidoti analyst J. Franzreb now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for Matrix Service's current full-year earnings is $0.18 per share. Sidoti also issued estimates for Matrix Service's Q2 2027 earnings at $0.15 EPS and Q4 2027 earnings at $0.17 EPS.

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

MTRX has been the subject of a number of other reports. Northland Securities set a $24.00 price target on Matrix Service in a research report on Wednesday, February 11th. DA Davidson restated a "buy" rating and issued a $17.00 price target on shares of Matrix Service in a research report on Friday, February 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Matrix Service in a research report on Tuesday, April 21st. One 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, the company has a consensus rating of "Moderate Buy" and an average target price of $20.50.

Matrix Service Stock Performance

NASDAQ:MTRX opened at $12.18 on Monday. Matrix Service has a 12 month low of $9.88 and a 12 month high of $16.10. The stock has a 50 day moving average of $11.65 and a two-hundred day moving average of $12.21. The firm has a market cap of $342.62 million, a P/E ratio of -22.98, a price-to-earnings-growth ratio of 3.76 and a beta of 1.02.

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 stock was sold at an average price of $11.29, for a total transaction of $47,338.97. Following the transaction, the vice president directly owned 106,138 shares in the company, valued at $1,198,298.02. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTRX. Quarry LP acquired a new position in Matrix Service during the third quarter worth $28,000. BNP Paribas Financial Markets lifted its stake in 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 in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 in the last quarter. Aquatic Capital Management LLC acquired a new position in Matrix Service during the third quarter worth $67,000. Finally, Daytona Street Capital LLC acquired a new position in Matrix Service during the fourth quarter worth $78,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Matrix Service

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

About Matrix Service

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.