Matthews International First Quarter 2024 Earnings: EPS Misses Expectations
Matthews International (NASDAQ:MATW) First Quarter 2024 Results
Key Financial Results
Revenue: US$450.0m (flat on 1Q 2023).
Net loss: US$2.30m (down by 162% from US$3.70m profit in 1Q 2023).
US$0.074 loss per share (down from US$0.12 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Matthews International EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are down 11% from a week ago.
Risk Analysis
Be aware that Matthews International is showing 2 warning signs in our investment analysis and 1 of those is significant...
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