Matthews International Third Quarter 2024 Earnings: Misses Expectations
Matthews International (NASDAQ:MATW) Third Quarter 2024 Results
Key Financial Results
Revenue: US$427.8m (down 9.3% from 3Q 2023).
Net income: US$1.78m (down 80% from 3Q 2023).
Profit margin: 0.4% (down from 1.9% in 3Q 2023).
EPS: US$0.057 (down from US$0.28 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Matthews International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 74%.
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are down 5.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Matthews International has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.
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