* Matson Inc reported quarterly adjusted earnings of $5.89 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.40. The mean expectation of three analysts for the quarter was for earnings of $4.75 per share. Wall Street expected results to range from $4.51 to $4.98 per share.
* Revenue rose 16.3% to $962.00 million from a year ago; analysts expected $965.73 million.
* Matson Inc's reported EPS for the quarter was $5.89.
* The company reported quarterly net income of $199.1 million.
* Matson Inc shares had fallen by 5.7% this quarter and gained 22.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 12.7% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the marine freight & logistics peer group is also "buy"
Wall Street's median 12-month price target for Matson Inc is 160.00 This summary was machine generated from LSEG data October 31 at 02:49 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 4.75 5.89 Beat
Jun. 30 2024 3.00 3.31 Beat
Mar. 31 2024 1.04 1.04 Met
Dec. 31 2023 1.51 1.78 Beat
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