Q2 Earnings Forecast for Matrix Service Issued By Sidoti Csr

Matrix Service Company (NASDAQ:MTRX) – Research analysts at Sidoti Csr cut their Q2 2026 earnings per share (EPS) estimates for shares of Matrix Service in a research report issued on Thursday, September 11th. Sidoti Csr analyst J. Franzreb now forecasts that the company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share. Sidoti Csr also issued estimates for Matrix Service’s Q4 2027 earnings at $0.35 EPS.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.30). Matrix Service had a negative net margin of 3.83% and a negative return on equity of 17.21%. The business had revenue of $216.38 million for the quarter, compared to the consensus estimate of $232.25 million. During the same quarter last year, the firm earned ($0.14) EPS. Matrix Service has set its FY 2026 guidance at EPS.

Separately, DA Davidson cut their price objective on Matrix Service from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Matrix Service Price Performance

NASDAQ:MTRX opened at $12.80 on Friday. Matrix Service has a fifty-two week low of $9.33 and a fifty-two week high of $16.10. The stock has a market capitalization of $353.41 million, a PE ratio of -12.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13. The business’s 50-day simple moving average is $14.55 and its 200-day simple moving average is $13.03.

Institutional Investors Weigh In On Matrix Service

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its stake in shares of Matrix Service by 525.1% during the 2nd quarter. Osaic Holdings Inc. now owns 16,877 shares of the company’s stock worth $228,000 after purchasing an additional 14,177 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Matrix Service by 133.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after purchasing an additional 1,893 shares in the last quarter. Man Group plc acquired a new position in shares of Matrix Service during the 2nd quarter worth approximately $202,000. Gendell Jeffrey L increased its holdings in shares of Matrix Service by 2.9% during the 2nd quarter. Gendell Jeffrey L now owns 614,409 shares of the company’s stock worth $8,301,000 after acquiring an additional 17,291 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Matrix Service by 68.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock worth $34,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

About Matrix Service

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.