Matrix Service (NASDAQ:MTRX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$166.0m (down 11% from 3Q 2023).

• Net loss: US$14.6m (loss widened by 15% from 3Q 2023).

• US$0.53 loss per share (further deteriorated from US$0.47 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matrix Service Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

Be aware that Matrix Service is showing 1 warning sign in our investment analysis that you should know about...

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