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Matthews International (MATW) Lags Q2 Earnings and Revenue Estimates
ZACKSยท 2025-04-30 23:30
Core Viewpoint - Matthews International reported quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.69 per share a year ago [1][2] Financial Performance - The company experienced an earnings surprise of -5.56% for the quarter, and previously, it had a significant earnings surprise of -46.15% when it reported $0.14 per share against an expectation of $0.26 per share [2] - Revenues for the quarter were $427.63 million, missing the Zacks Consensus Estimate by 1.79%, and down from $471.22 million year-over-year [3] - Over the last four quarters, Matthews International has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2][3] Stock Performance - Matthews International shares have declined approximately 22.4% since the beginning of the year, compared to a decline of -5.5% for the S&P 500 [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $427 million, and for the current fiscal year, it is $1.73 on revenues of $1.74 billion [8] - The outlook for the Funeral Services industry, where Matthews International operates, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for performance [9]