Analysts anticipate Matson to report an earnings per share (EPS) of $4.74.
Matson bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
The company's EPS beat by $0.31 in the last quarter, leading to a 2.26% increase in the share price on the following day.
Here's a look at Matson's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
3
1.04
1.51
3.08
EPS Actual
3.31
1.04
1.78
3.40
Price Change %
2.0%
-2.0%
-1.0%
-4.0%
Matson Share Price Analysis
Shares of Matson were trading at $133.18 as of October 28. Over the last 52-week period, shares are up 49.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analysts' Take on Matson
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Matson.
Analysts have given Matson a total of 1 ratings, with the consensus rating ...
