For its third fiscal quarter (ending March 31), Matrix Service Co (NASDAQ: MTRX) has reported E.P.S. of $-0.53 compared to $-0.47 a year ago. This result fell short of the consensus estimate of $0.32 by $-0.85. For the latest four quarters through March 31, E.P.S. were $-0.76 compared to $-1.43 a year ago.
Recent Price Action
On 5/8/24, Matrix Service Co (NASDAQ: MTRX) stock declined slightly by -0.8%, closing at $11.84. However, unusually low trading volume at 66% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
MTRX is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Matrix Service has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Matrix Service has a poor Appreciation Score of 22 but a very high Power Rating of 87, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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