During the last trading session, Matson (MATX – Free Report) closed at $ 63.99, marking a movement of -1.07% from the previous day. This change is smaller than the 0.75% daily gain of the S&P 500.
Prior to today’s stock exchange, shares of the shipping and logistics services company had gained 1.78% in the past month. This topped the transportation sector’s 8.24% loss and lagged behind the S&P 500’s 3.52% gain during that time frame.
MATX will seek to show strength as the next publication of its results approaches. The company is expected to post EPS of $ 2.21, up 190.79% from the previous year quarter. Meanwhile, our latest consensus estimate projects revenue of $ 763.84 million, up 45.74% from the previous year’s quarter.
Zacks’ consensus estimates for MATX’s full year forecast earnings of $ 8.10 per share and revenue of $ 2.97 billion. These results would represent year-over-year variations of + 82.43% and + 24.51%, respectively.
It’s also important to note the recent changes to analyst estimates for MATX. Recent revisions tend to reflect the latest short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. The Zacks Consensus EPS estimate rose 8.44% over the past month. MATX is currently a Zacks Rank # 1 (strong buy).
Valuation is also important, so investors should note that MATX currently has a forward P / E ratio of 7.9. This valuation marks a discount compared to the average Forward P / E for its sector of 20.18.
The Transport – Services industry is part of the Transport sector. This industry currently has a Zacks Industry Rank of 52, which places it in the top 21% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.