Matrix Service Earnings: Everything You Must Know Now

Matrix Service Co. (NASDAQ:MTRX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Matrix Service Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 27.27% to $0.28 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Rose 27.45% to $235.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Matrix Service Co. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $226.63 million.

Quoting Management: John Hewitt, President and CEO of Matrix Service Company said, “We achieved record revenue in fiscal 2013 while growing our backlog 26% as a result of the leadership, hard work and values of our employees. Our operating results, backlog growth and strong balance sheet are evidence of our significant progress toward achieving our strategic goals and have positioned us for continued success in fiscal 2014.”

Key Stats (on next page)…

Revenue increased 4.26% from $225.97 million in the previous quarter. EPS increased 12% from $0.25 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.26 and has not changed. For the current year, the average estimate is a profit of $0.92, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]