Matrix Service Q4 revenue rises on storage segment growth
MTRX•Outlook
- The company did not provide specific financial guidance for the upcoming quarter or year
Overview
- Heavy industrial contractor's fiscal Q4 revenue rose 13% yr/yr to the highest in six years
- Company posted adjusted EPS of $0.16
- Backlog stood at $953.2 million, with $169 million in new project awards including a major mining project
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Revenue | Miss | $244.53 mln | $247.04 mln (2 Analysts) |
| Q4 Adjusted EPS | Beat | $0.16 | $0.15 (1 Analyst) |
| Q4 EPS | $0.04 | ||
| Q4 Adjusted Net Income | $4.60 mln | ||
| Q4 Adjusted EBITDA | Miss | $6.30 mln | $7.81 mln (2 Analysts) |
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the construction & engineering peer group is "buy"
- Wall Street's median 12-month price target for Matrix Service Co is $20.00, about 86.9% above its September 1 closing price of $10.70
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago
