Matthews International Corp reports results for the quarter ended March 31 - Earnings Summary

• Matthews International Corp MATW.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of two analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 36 cents to 40 cents per share.

• Revenue fell 9.3% to $427.63 million from a year ago; analysts expected $435.62 million.

• Matthews International Corp's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $8.92 million.

• Matthews International Corp shares had fallen by 3.4% this quarter and lost 22.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.2% 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," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the personal products peer group is also "buy"

• Wall Street's median 12-month price target for Matthews International Corp is $41.00

This summary was machine generated from LSEG data May 1 at 01:46 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)