Matson, Inc. (MATX) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Matson (MATX) has shown strong stock performance, with a 30.1% increase year-to-date, significantly outperforming the Zacks Transportation sector and the Zacks Transportation - Services industry [1][2]. Financial Performance - Matson has consistently exceeded earnings expectations, reporting an EPS of $3.31 against a consensus estimate of $3.05 in its latest earnings report [2]. - For the current fiscal year, Matson is projected to achieve earnings of $11.45 per share on revenues of $3.41 billion, reflecting a 37.74% increase in EPS and a 10.12% increase in revenues [3]. - The next fiscal year forecasts earnings of $9.10 per share on $3.27 billion in revenues, indicating a year-over-year decline of 20.51% in EPS and 4.07% in revenues [3]. Valuation Metrics - Matson's current valuation metrics show a Value Score of A, with Growth and Momentum Scores of B, resulting in a combined VGM Score of A [6]. - The stock trades at 12.5 times the current fiscal year EPS estimates, below the peer industry average of 17.6 times [6]. - On a trailing cash flow basis, Matson trades at 8.6 times compared to the peer group's average of 9.1 times [6]. Zacks Rank - Matson holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential [7].