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

Posted by Brian Himes on Sep 4th, 2026

Matrix Service (NASDAQ:MTRX – Get Free Report) released its quarterly 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. The business had revenue of $244.53 million during the quarter, compared to analyst estimates of $247.04 million. Matrix Service had a positive return on equity of 5.36% and a negative net margin of 0.30%.

Matrix Service Price Performance

Shares of MTRX stock opened at $10.55 on Friday. The firm has a market cap of $296.77 million, a P/E ratio of -117.22, a P/E/G ratio of 0.87 and a beta of 0.98. Matrix Service has a 1-year low of $9.70 and a 1-year high of $15.97. The firm has a fifty day moving average of $11.94 and a two-hundred day moving average of $12.09.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Matrix Service

Key Matrix Service News

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

Positive Sentiment: Matrix reported fiscal fourth-quarter revenue of approximately $244.5 million, its highest quarterly level in six years, while adjusted earnings improved to $0.16 per share from a loss of $0.28 per share a year earlier. Matrix Service Releases Q4 2026 Financial Results
Positive Sentiment: The company was awarded a front-end engineering and design contract for the storage tank farm at America First Refining’s proposed Brownsville, Texas, refinery. The project could enhance Matrix’s positioning in large energy-infrastructure work, although the contract’s financial value was not disclosed. Matrix Announces Award for Front-End Engineering and Design
Neutral Sentiment: Management highlighted an approximately $7 billion opportunity funnel and said it is evaluating a potential stock buyback. However, Matrix is withholding formal guidance while it manages a CFO transition, limiting visibility for investors. Matrix sees $7B opportunity funnel
Negative Sentiment: Fourth-quarter adjusted EPS of $0.16 missed the $0.17 consensus estimate, and revenue of $244.5 million came in below the $247.0 million analyst forecast. The company also continues to report a negative net margin and return on equity. Matrix Service Q4 Earnings and Revenues Miss Estimates
Negative Sentiment: Analysts and recent commentary pointed to a declining backlog, an uncertain near-term outlook, and continued execution risks tied to the company’s business-improvement plan and leadership transition. Reported insider activity also showed sales without purchases in the past six months, adding to cautious sentiment. MTRX Q2 Deep Dive

Institutional Investors Weigh In On Matrix Service

A number of institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC bought a new stake in shares of Matrix Service in the 3rd quarter valued at approximately $154,000. Polymer Capital Management US LLC bought a new position in Matrix Service during the third quarter worth $137,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Matrix Service during the third quarter worth $163,000. Brevan Howard Capital Management LP acquired a new position in Matrix Service in the third quarter worth $156,000. Finally, BNP Paribas Financial Markets boosted its holdings in Matrix Service by 388.7% in the third quarter. BNP Paribas Financial Markets now owns 12,364 shares of the company’s stock worth $162,000 after purchasing an additional 9,834 shares during the period. Institutional investors and hedge funds 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.

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.