Northland Securities Comments on Matrix Service Q3 Earnings

Matrix Service Company (NASDAQ:MTRX) – Northland Securities issued their Q3 2026 earnings estimates for shares of Matrix Service in a report issued on Wednesday, February 11th. Northland Securities analyst E. Jackson forecasts that the company will earn $0.06 per share for the quarter. Northland Securities currently has a “Strong-Buy” rating on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share. Northland Securities also issued estimates for Matrix Service’s Q4 2026 earnings at $0.22 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $0.75 EPS, FY2028 earnings at $0.63 EPS, FY2029 earnings at $0.70 EPS and FY2030 earnings at $0.75 EPS.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a research note on Thursday, January 22nd. DA Davidson restated a “buy” rating and issued a $17.00 price target on shares of Matrix Service in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Matrix Service has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Matrix Service Trading Down 2.5%

Shares of Matrix Service stock opened at $11.34 on Friday. Matrix Service has a 12-month low of $9.33 and a 12-month high of $16.10. The stock has a market cap of $318.99 million, a price-to-earnings ratio of -16.68, a PEG ratio of 2.53 and a beta of 0.95. The company has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $13.19.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The business had revenue of $210.51 million for the quarter, compared to analyst estimates of $215.42 million. Matrix Service had a negative return on equity of 8.56% and a negative net margin of 2.30%.

Insider Buying and Selling

In other Matrix Service news, insider Shawn P. Payne sold 5,231 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.42, for a total transaction of $59,738.02. Following the transaction, the insider directly owned 102,179 shares in the company, valued at approximately $1,166,884.18. This represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Matrix Service

Several hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Matrix Service in the 3rd quarter valued at about $28,000. BNP Paribas Financial Markets raised its holdings in Matrix Service by 68.9% in the second quarter. BNP Paribas Financial Markets now owns 2,530 shares of the company’s stock valued at $34,000 after buying an additional 1,032 shares during the period. Tower Research Capital LLC TRC boosted its position 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 during the period. Aquatic Capital Management LLC purchased a new position in Matrix Service in the third quarter valued at about $67,000. Finally, Daytona Street Capital LLC acquired a new position in shares of Matrix Service during the fourth quarter worth about $78,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Matrix Service

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

• Positive Sentiment: Northland Securities upgraded Matrix to a “Strong‑Buy” and issued materially higher forward EPS forecasts (examples: FY2027 $0.75, FY2028 $0.63, FY2029 $0.70, FY2030 $0.75), implying a multi‑year recovery and meaningfully improved profitability vs. the current consensus. Northland Research Note
• Neutral Sentiment: Analysts/publications highlighted key questions from Matrix’s Q4 earnings call — useful for investors deciding whether near‑term weakness is temporary (execution, backlog, margins) or structural; these call takeaways can drive volatility as investors parse management’s plan. 5 Must-Read Analyst Questions From Matrix Service’s Q4 Earnings Call
• Negative Sentiment: Near‑term pressure remains: Matrix missed Q4 estimates (EPS and revenue shortfall) and reports negative margins and a negative consensus for the current fiscal year (consensus EPS ≈ -$0.26), which helps explain the downward price move despite the upgrade — investors remain focused on execution and margin recovery before fully buying the bullish multi‑year view.
• Positive Sentiment: Market coverage/press picked up after the Northland note (coverage cited on Zacks/TickerReport), which can increase investor attention and liquidity in the stock. Upgrade Coverage

Matrix Service Company Profile

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.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.