Q2 adjusted EBITDA rose 7%, beating analyst estimates
Company raised full-year 2026 revenue and adjusted EBITDA guidance
Result drivers
End-market demand - Co said Q2 revenue growth was driven by increased demand in Infrastructure, Power Generation, and Aerospace & Defense end markets
Aerospace & Defense capacity - Demand in Aerospace & Defense temporarily outpacing capacity, supported by backlog and customer relationships; co investing to expand in-lab testing
Infrastructure & Power Generation projects - Infrastructure and Power Generation end markets benefited from continued investment in data center construction and broader energy infrastructure
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated oil & gas peer group is "buy"
Wall Street's median 12-month price target for Mistras Group Inc is $21.00, about 33% above its August 10 closing price of $15.79
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago
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