Matthews International (MATW) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - Matthews International reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.26 per share, and down from $0.37 per share a year ago, indicating a significant earnings surprise of -46.15% [1][2]. Financial Performance - The company posted revenues of $401.84 million for the quarter ended December 2024, which was 6.19% below the Zacks Consensus Estimate and down from $449.99 million year-over-year [3]. - Over the last four quarters, Matthews International has surpassed consensus revenue estimates two times [3]. Stock Performance - Matthews International shares have declined approximately 3.4% since the beginning of the year, contrasting with the S&P 500's gain of 3.1% [4]. - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $453.76 million, and for the current fiscal year, it is $2 on revenues of $1.79 billion [8]. - The estimate revisions trend for Matthews International is mixed, and changes in these estimates could impact stock performance [7]. Industry Context - The Funeral Services industry, to which Matthews International belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]. - Another company in the same industry, Service Corp. (SCI), is expected to report quarterly earnings of $1.05 per share, reflecting a year-over-year increase of 12.9% [10].