Matrix Service’s 25.9% return over the past six months has outpaced the S&P 500 by 20.3%, and its stock price has climbed to $11.86 per share. This run-up might have investors contemplating their next move.
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQ:GLDD)
will be reporting earnings tomorrow before market hours. Here’s what to look for.
Construction and construction materials company Granite Construction (NYSE:GVA)
will be reporting earnings tomorrow before market open. Here’s what to look for.
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.9% year on year to $187.2 million. On the other hand, the company’s full-year revenue guidance of $875 million at the midpoint came in 4.3% below analysts’ estimates. Its non-GAAP loss of $0.20 per share was 11.1% above analysts’ consensus estimates.
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX)
will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Matrix Service’s 26.2% return over the past six months has outpaced the S&P 500 by 15.6%, and its stock price has climbed to $13.11 per share. This run-up might have investors contemplating their next move.
Let’s dig into the relative performance of Matrix Service (NASDAQ:MTRX) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including Limbach (NASDAQ:LMB) and its peers.
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 16.2% year on year to $165.6 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $925 million at the midpoint. Its GAAP loss of $0.33 per share was also 3.1% below analysts’ consensus estimates.
