Matrix Service (MTRX) Reports Q1 Loss, Misses Revenue Estimates

Company Performance - Matrix Service reported a quarterly loss of $0.33 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.32, and compared to a loss of $0.21 per share a year ago, indicating a negative earnings surprise of -3.13% [1] - The company posted revenues of $165.58 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 9.96%, and down from $197.66 million in the same quarter last year [2] - Over the last four quarters, Matrix Service has only surpassed consensus EPS estimates once [2] Stock Outlook - The stock has gained approximately 15.2% since the beginning of the year, while the S&P 500 has increased by 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $201.45 million, and for the current fiscal year, it is -$0.05 on revenues of $900.9 million [7] Industry Context - The Oil and Gas - Mechanical and Equipment industry, to which Matrix Service belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential underperformance compared to higher-ranked industries [8] - The performance of Matrix Service's stock may be influenced by the overall outlook for the industry [8]