
Matrix Service (MTRX) Stock Forecast & Price Target
Matrix Service (MTRX) Analyst Ratings
Bulls say
Matrix Service Co. has demonstrated a notable improvement in gross margin, rising to 9.6%, with expectations for further margin enhancement as revenue growth accelerates and restructuring costs diminish. The company has reported a significant year-over-year revenue increase of 40% in its Storage and Terminal Solutions segment, driven by heightened demand for LNG storage and specialty vessel projects. Furthermore, the Utility segment has shown consistent profitability with sustained higher margins over four consecutive quarters, indicating a positive outlook for the company's overall financial performance moving forward.
Bears say
Matrix Service Co. has experienced a notable decline in revenue within its Process and Industrial Facilities segment, which reported an 11% year-over-year decrease attributed to a slowdown in construction volumes. The company's backlog-to-bill ratio stands at 0.9x, coupled with negative total net bookings due to the removal of two significant projects, indicating a potential weakening in future revenue streams. Additionally, prevailing economic conditions, capital availability concerns, and project execution risks further contribute to the negative outlook on Matrix Service's stock.
This aggregate rating is based on analysts' research of Matrix Service and is not a guaranteed prediction by Public.com or investment advice.
Matrix Service (MTRX) Analyst Forecast & Price Prediction
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