Matrix Service Company (NASDAQ:MTRX) is expected to report first quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.03 per share from revenue of $ 231.92 million.
Looking ahead, the full year income are expected at $ 0.41 per share on the revenues of $ 968.40 million.
Previous Quarter Performance
Matrix Service Company revealed loss for the fourth quarter of $ 0.01 per share, from the revenue of $ 195.84 million. The quarterly revenues contracted 50.88 percent compared with the same quarter last year. The consensus estimates are income of $ 0.06 per share from $ 244.43 million in revenue. The bottom line results missed street analysts by $ 0.07 or 116.67 percent, at the same time, top line results fell short of analysts by $ 48.59 million or 19.88 percent.
Stock Performance
Shares of Matrix Service Company traded up $ 0.55 or 6.92 percent on Tuesday, reaching $ 8.50 with volume of 174.50 thousand shares. Matrix Service Company has traded high as $ 8.60 and has cracked $ 8.17 on the downward trend
According to the previous trading day, closing price of $ 8.50, representing a 11.81 % increase from the 52 week low of $ 7.11 and a 66.64 % decrease over the 52 week high of $ 23.83.
The company has a market capital of $ 224.91 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.
