Matthews International Second Quarter 2024 Earnings: EPS Beats Expectations

Matthews International (NASDAQ:MATW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$471.2m (down 1.7% from 2Q 2023).
• Net income: US$9.03m (down 1.1% from 2Q 2023).
• Profit margin: 1.9% (in line with 2Q 2023).
• EPS: US$0.29 (down from US$0.30 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matthews International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

Be aware that Matthews International is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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