Matson (MATX) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Matson (MATX) closed the last trading day at $87.83, up -0.76% from the previous trading session. This change delayed the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow Jones lost 0.01%, while tech-heavy Nasdaq added 0.13%.

– Zacks

Heading into the day, shares of the shipping and logistics services company are up 5.82% over the past month, outpacing the transportation sector’s 2.52% gain and the S&P 500’s 2.36% gain in that time.

Matson Corporation will be looking to show strength as it approaches its next earnings release. In that report, analysts expect Mattson to report earnings of $5.98 per share. This represents an annual growth of 205.1%. Meanwhile, the Zacks Consensus revenue report expects net sales of $1.03 billion, an increase of 47.05% over the same period last year.

Investors may also note the recent changes in analyst estimates for Matson. These recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. In the past 30 days, it has remained The unanimous EPS drop is stagnant. Matson is currently #1 on the Zacks rating (a strong buy).

In terms of valuation, Matson is currently trading at a forward P/E ratio of 8.47. For comparison, its industry has an average forward P/E of 16.47, which means Matson is trading at a discount on the group.

The transportation-services industry is part of the transportation sector. This group has a Zacks Industry Rating of 94, placing it in the top 37% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on

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