Northland Securities Weighs in on Matrix Service Q3 Earnings

Matrix Service Company (NASDAQ:MTRX) – Investment analysts at Northland Securities issued their Q3 2026 earnings estimates for shares of Matrix Service in a note issued to investors on Wednesday, February 11th. Northland Securities analyst E. Jackson expects that the company will post earnings per share of $0.06 for the quarter. Northland Securities currently has a “Strong-Buy” rating on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share. Northland Securities also issued estimates for Matrix Service’s Q4 2026 earnings at $0.22 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $0.75 EPS, FY2028 earnings at $0.63 EPS, FY2029 earnings at $0.70 EPS and FY2030 earnings at $0.75 EPS.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Wednesday, February 4th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $210.51 million during the quarter, compared to the consensus estimate of $215.42 million. Matrix Service had a negative return on equity of 8.56% and a negative net margin of 2.30%.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Matrix Service in a report on Thursday, January 22nd. DA Davidson reissued a “buy” rating and issued a $17.00 price objective on shares of Matrix Service in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Matrix Service has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Matrix Service Price Performance

MTRX stock opened at $11.46 on Friday. The business has a 50-day moving average price of $12.57 and a 200 day moving average price of $13.16. Matrix Service has a 1-year low of $9.33 and a 1-year high of $16.10. The company has a market capitalization of $322.35 million, a P/E ratio of -16.85, a PEG ratio of 2.47 and a beta of 0.95.

Institutional Trading of Matrix Service

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming grew its holdings in shares of Matrix Service by 4.2% in the third quarter. State of Wyoming now owns 17,401 shares of the company’s stock valued at $228,000 after purchasing an additional 696 shares in the last quarter. Saturna Capital Corp boosted its holdings in shares of Matrix Service by 4.2% in the 2nd quarter. Saturna Capital Corp now owns 23,850 shares of the company’s stock valued at $322,000 after buying an additional 964 shares in the last quarter. Sei Investments Co. grew its position in shares of Matrix Service by 7.2% in the 2nd quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock valued at $205,000 after buying an additional 1,025 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Matrix Service by 68.9% during the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock worth $34,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in Matrix Service by 4.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 37,305 shares of the company’s stock worth $436,000 after buying an additional 1,670 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Matrix Service

In other Matrix Service news, insider Shawn P. Payne sold 5,231 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.42, for a total transaction of $59,738.02. Following the transaction, the insider directly owned 102,179 shares of the company’s stock, valued at $1,166,884.18. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Key Headlines Impacting Matrix Service

Here are the key news stories impacting Matrix Service this week:

• Positive Sentiment: Northland Securities upgraded MTRX to a “Strong-Buy” and published a set of upbeat quarterly and multi‑year EPS forecasts (examples: FY2027 $0.75, FY2028 $0.63, FY2029 $0.70, FY2030 $0.75; near‑term quarters: Q4’26 $0.22, Q1’27 $0.22, Q2’27 $0.21). This clearer path to sustained profitability supports upside expectations and likely underpins today’s buying interest. Northland estimates (MarketBeat)
• Positive Sentiment: The Northland upgrade and estimates have picked up distribution in the press, increasing visibility among investors and traders who follow analyst-rated catalysts. Upgrade coverage (TickerReport)
• Neutral Sentiment: Market commentary and analyst Q&A from the recent earnings call were summarized in a Yahoo Finance piece — useful for investors assessing management’s execution risks and backlog detail but not a direct price catalyst by itself. 5 Must-Read Analyst Questions (Yahoo Finance)
• Negative Sentiment: Offsetting the optimism, consensus still shows Matrix posting a negative full‑year EPS for the current year (around -$0.26) and the company recently missed Q4 estimates — reminders that near‑term profitability and margin recovery remain unsecured and could pressure the stock if execution slips. Financial / earnings context (MarketBeat)

About Matrix Service

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.