Matrix Service Company (NASDAQ:MTRX) is reporting fourth quarter earnings results on Wednesday 2nd September 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.06 per share.
For the full year, analysts predict revenues of $ 1149.55 million, while looking forward to income of $ 0.46 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,200.00 million ~ $ 1,300.00 million, where as bottomline are predicted in a range of $ 0.70 ~ $ 0.90 per share
Click Here For More Historical Outlooks Of Matrix Service Company
Previous Quarter Performance
Matrix Service Company revealed loss for the third quarter of $ 0.02 per share, from the revenue of $ 248.33 million. Street analysts expected Matrix Service Company to report income of $ 0.10 per share on revenue of $ 288.31 million for the third quarter. The bottom line results missed street analysts by $ 0.12 or 120 percent, at the same time, top line results fell short of analysts by $ 39.98 million or 13.87 percent.
Stock Performance
Shares of Matrix Service Company traded low $ -0.26 or -2.81 percent on Tuesday, reaching $ 8.98 with volume of 32.40 thousand shares. The stock opened down for the day at $ 9.16, after closing the previous day trading at $ 9.24.
According to the previous trading day, closing price of $ 9.24, representing a 29.96 % increase from the 52 week low of $ 7.11 and a 61.23 % decrease over the 52 week high of $ 23.83.
The company has a market capital of $ 234.74 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, and internationally. The companys Electrical Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. It also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations.
