Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Matrix Service missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $165.6 million, down 16.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a miss of analysts’ EPS estimates.
Is Matrix Service a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Matrix Service’s revenue to grow 5.8% year on year to $185.1 million, a reversal from the 9.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.23 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Matrix Service’s peers in the construction and engineering segment, only AECOM has reported results so far. It missed analysts’ revenue estimates by 2.3%, delivering year-on-year sales growth of 2.9%.
Read our full analysis of AECOM’s earnings results here.Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Matrix Service is up 4.7% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $13.60).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
