A Peek at Matson's Future Earnings

Matson (NYSE:MATX) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

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 ...