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

Matrix Service (NASDAQ:MTRX) announced its earnings results on Wednesday. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01), Zacks reports. The firm 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) earnings per share. Matrix Service updated its FY 2025 guidance to EPS.

Matrix Service Stock Performance

Shares of NASDAQ MTRX traded up $0.26 during mid-day trading on Friday, hitting $13.01. The stock 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. Matrix Service has a twelve month low of $8.61 and a twelve month high of $13.90. The firm has a market cap of $358.43 million, a PE ratio of -11.62 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MTRX shares. DA Davidson restated a “buy” rating and set a $18.00 target price on shares of Matrix Service in a research note on Thursday, September 26th. StockNews.com downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Friday.

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.