
Maritime transportation company Matson (NYSE: MATX) will be reporting earnings this Tuesday after the bell. Here’s what you need to know.
Matson beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $830.5 million, down 2% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Matson a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Matson’s revenue to decline 13% year on year to $837.4 million, a reversal from the 16.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.25 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Matson has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 0.7% on average.
Looking at Matson’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Scorpio Tankers’s revenues decreased 9.8% year on year, meeting analysts’ expectations, and Kirby reported revenues up 4.8%, topping estimates by 2.3%. Scorpio Tankers’s stock price was unchanged after the resultswhile Kirby was up 17.7%.
Read our full analysis of Scorpio Tankers’s results here and Kirby’s results here.
Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices flat over the last month. Matson is up 2.8% during the same time and is heading into earnings with an average analyst price target of $135 (compared to the current share price of $101.50).
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