Matson MATX is sche
Matson MATX is scheduled to report second-quarter 2021 outcomes on Jul 29.
The corporate boasts a stellar shock historical past with its earnings having surpassed the Zacks Consensus Estimate in every of the final 4 quarters, the common being 5.1%.
Matson, Inc. Value and EPS Shock
Matson, Inc. price-eps-surprise | Matson, Inc. Quote
The Zacks Consensus Estimate for second-quarter 2021 earnings has been revised 80.8% upward over the previous 60 days.
Towards this backdrop, let’s talk about the elements that may have impacted Matson’s efficiency within the June quarter.
We anticipate the corporate’s second-quarter efficiency to have been pushed by the gradual uptick in financial actions in america, courtesy of the easing of restrictions. The widespread vaccination can be more likely to increase the to-be-reported outcomes by buoying demand for the corporate’s providers. This, in flip, might need perked up revenues on a year-over-year foundation.
The Zacks Consensus Estimate for second-quarter 2021 logistics revenues is presently pegged at $164 million, indicating a rise of 8.6% from the determine reported in first-quarter 2021. The identical hints at an increase of 32.2% from the year-ago quarter’s actuals. Greater transportation brokerage revenues are more likely to contribute to segmental leads to the quarter to be reported.
The Zacks Consensus Estimate for second-quarter Ocean Transportation revenues is presently pegged at $692 million, implying an increase of 23.3%. from the sequential quarter’s reported quantity. The identical hints at a rise of 68.4% from the year-ago quarter’s actuals. Higher freight revenues within the China service are more likely to have inflated segmental revenues.
Elevated whole bills as a consequence of escalated working prices are more likely to have dented the underside line within the quarter to be reported.
What Does the Zacks Mannequin Say?
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Norfolk Southern this time round. The mixture of a optimistic Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat. Nevertheless, that isn’t the case right here as elaborated beneath. You possibly can see the whole record of in the present day’s Zacks #1 Rank shares right here.
Earnings ESP: Matson has an Earnings ESP of 0.00% because the Most Correct Estimate is in keeping with the Zacks Consensus Estimate of $3.67. You possibly can uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: Matson presently carries a Zacks Rank #2.
Highlights of Q1 Earnings
Matson’s first-quarter earnings of $1.99 per share surpassed the Zacks Consensus Estimate of $1.86. Complete revenues of $711.Eight million surpassed the Zacks Consensus Estimate of $686.Eight million, aided by a powerful efficiency of each its segments.
Shares to Take into account
Traders within the broader Transportation sector might take into account Hawaiian Holdings, Inc. HA, Canadian Pacific Railway Restricted CP and Allegiant Journey Firm ALGT, which possess the best mixture of components to beat on earnings this reporting cycle.
Hawaiian Holdings has an Earnings ESP of +2.93% and is Zacks #Three Ranked, presently. The corporate will launch second-quarter 2021 outcomes on Jul 27.
Canadian Pacific has an Earnings ESP of +0.71% and a Zacks Rank #Three at current. The corporate will launch second-quarter 2021 outcomes on Jul 28.
Allegiant has an Earnings ESP of +12.39% and is presently a #Three Ranked participant. The corporate will launch second-quarter 2021 outcomes on Jul 28.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.