Matrix Service (NASDAQ:MTRX) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

02 Sep 2026, 17:28 by Amy Steele · The Cerbat Gem

Matrix Service (NASDAQ:MTRX – Get Free Report) announced its earnings results on Wednesday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. Matrix Service had a negative net margin of 1.77% and a negative return on equity of 3.60%. The firm had revenue of $244.53 million during the quarter, compared to analysts’ expectations of $247.04 million.

Matrix Service Trading Up 1.5%

Shares of MTRX stock opened at $10.86 on Thursday. The firm’s 50 day moving average is $12.01 and its 200 day moving average is $12.10. The stock has a market capitalization of $305.49 million, a P/E ratio of -20.49, a PEG ratio of 0.86 and a beta of 0.98. Matrix Service has a 12 month low of $9.88 and a 12 month high of $15.97.

Key Matrix Service News

Here are the key news stories impacting Matrix Service this week:

Positive Sentiment: Matrix Service received a front-end engineering and design (FEED) contract from America First Refining for the storage tank farm at a planned refinery in Brownsville, Texas. The project is expected to process about 60 million barrels of domestic crude annually and could enhance Matrix’s positioning in energy infrastructure. The award is a step toward AFR’s final investment decision, although the contract’s value was not disclosed. Matrix Announces Award for Front-End Engineering and Design on America First Refining Storage Tank Farm
Positive Sentiment: Fiscal fourth-quarter adjusted earnings improved substantially, swinging to $0.16 per share from a $0.28-per-share loss a year earlier. Revenue increased year over year to $244.53 million, signaling continued demand across Matrix’s industrial and energy markets. Matrix Service Fiscal Q4 Swings to Adjusted Earnings, Revenue Rise
Neutral Sentiment: Analysts at Sidoti published fiscal 2028 quarterly EPS estimates ranging from $0.15 to $0.28, while maintaining a full-year consensus estimate of $0.25. The estimates provide a longer-term profitability benchmark but do not represent a change in the company’s outlook.
Negative Sentiment: Fourth-quarter EPS of $0.16 fell short of the $0.17 consensus estimate, while revenue of $244.53 million missed the $247.04 million forecast. Matrix also continued to report a negative net margin and negative return on equity, keeping execution and sustained profitability as key investor concerns. Matrix Service Q4 Earnings and Revenues Miss Estimates

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Matrix Service in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

Read Our Latest Research Report on MTRX

Institutional Investors Weigh In On Matrix Service

Several institutional investors have recently made changes to their positions in MTRX. Sei Investments Co. grew its position in shares of Matrix Service by 7.2% in the second quarter. Sei Investments Co. now owns 15,170 shares of the company’s stock valued at $205,000 after purchasing an additional 1,025 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Matrix Service by 68.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after purchasing an additional 1,032 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Matrix Service by 133.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,307 shares of the company’s stock worth $45,000 after purchasing an additional 1,893 shares in the last quarter. Quarry LP purchased a new stake in Matrix Service during the 3rd quarter worth about $28,000. Finally, State Street Corp boosted its stake in Matrix Service by 0.5% in the 4th quarter. State Street Corp now owns 533,485 shares of the company’s stock worth $6,242,000 after purchasing an additional 2,517 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Matrix Service Company Profile

(Get Free Report)

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.