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Matrix Service Company Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Matrix Service Company (NASDAQ: MTRX) shares dropped 23% after reporting a quarterly statutory loss of US$0.03 per share, missing analyst expectations of a profit, despite hitting US$211m in revenue. Analysts have subsequently reduced their 2026 EPS forecasts significantly to US$0.15, while maintaining revenue estimates of US$890.8m and a price target of US$16.50. Despite the earnings setback, the company is still expected to experience accelerated revenue growth of 13% annually, outperforming its industry average of 9.3%.