Benzinga | Sep 1, 2020 10:21AM EDT

Earnings Outlook for Matrix Service

On Wednesday, September 02, Matrix Service (NASDAQ: MTRX) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings and Revenue

Matrix Service EPS will likely be near $0.06 while revenue will be around $244.43 million, according to analysts. In the same quarter last year, Matrix Service reported EPS of $0.47 on revenue of $398.71 million. If the company were to post earnings per share in line with the consensus estimate when it reports Wednesday, EPS would be down 87.23%. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2019 Q4 2019EPS Estimate 0.10 0.31 0.27 0.42EPS Actual -0.02 0.19 0.22 0.47Revenue Estimate 288.31 M 370.00 M 330.00 M 376.60 MRevenue Actual 248.33 M 318.68 M 338.10 M 398.71 M

Stock Performance

Over the past 52-week period, shares of Matrix Service have declined 52.79%.

Considering these returns, shareholders will likely be feeling unsatisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Matrix Service is scheduled to hold the call at 10:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/cstj4awk