Matrix Service (NASDAQ:MTRX) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Matrix Service (NASDAQ:MTRX) released its quarterly earnings results on Wednesday. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01), Zacks reports. The company had revenue of $165.58 million during the quarter, compared to analyst estimates of $183.90 million. Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.18%. During the same quarter last year, the business earned ($0.21) EPS. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Trading Up 2.0 %

MTRX stock traded up $0.26 during midday trading on Friday, reaching $13.01. The company had a trading volume of 169,735 shares, compared to its average volume of 103,223. The company has a 50 day moving average of $11.15 and a two-hundred day moving average of $10.65. The company has a market capitalization of $358.43 million, a P/E ratio of -11.62 and a beta of 1.25. Matrix Service has a 1 year low of $8.61 and a 1 year high of $13.90.

Wall Street Analysts Forecast Growth

MTRX has been the subject of several research analyst reports. StockNews.com downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of Matrix Service in a report on Thursday, September 26th.

About Matrix Service

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.