From Nasdaq: 2025-02-06 19:40:03

Matthews International (MATW) reported quarterly earnings of $0.14 per share, missing the consensus estimate of $0.26 per share and down from $0.37 per share a year ago. The company’s revenues for the quarter ended December 2024 were $401.84 million, falling short of estimates by 6.19%. MATW shares have declined 3.4% this year compared to the S&P 500’s 3.1% gain.

The future outlook for Matthews International (MATW) remains uncertain after the recent earnings miss. The company’s performance will largely hinge on management’s guidance during the earnings call. Analysts are closely monitoring earnings estimates for the coming quarters and fiscal year, with current consensus EPS estimates at $0.55 for the next quarter and $2 for the current fiscal year.

Investors are also keeping an eye on Service Corp. (SCI), another company in the Funeral Services industry, which is set to report its quarterly earnings soon. SCI is expected to post earnings of $1.05 per share, reflecting a 12.9% increase year-over-year, with revenues expected to be $1.09 billion, up 2.8% from the previous year. The industry’s performance and outlook are crucial factors to consider when investing in MATW and SCI.

For investors considering Matthews International Corporation (MATW), it is essential to assess the company’s earnings outlook and industry performance. The Zacks Rank provides valuable insights into stock movements based on earnings estimate revisions. Investors can track these revisions to make informed decisions about investing in MATW or other stocks in the Funeral Services industry. Be sure to stay updated on the latest stock recommendations from Zacks Investment Research for the next 30 days.



Read more at Nasdaq: Matthews International (MATW) Q1 Earnings and Revenues Miss Estimates