Matthews International (NASDAQ:MATW) reported its Q1 earnings results on Thursday, January 27, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Matthews International beat estimated earnings by 27.59%, reporting an EPS of $0.74 versus an estimate of $0.58, which surprised analysts.
Revenue was up $51.92 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05, which was followed by a 6.21% drop in the share price the next day.
Here's a look at Matthews International's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.75 | 0.75 | 0.74 | 0.42 |
| EPS Actual | 0.80 | 0.91 | 0.89 | 0.68 |
| Revenue Estimate | 393.53M | 380.75M | 392.97M | 359.36M |
| Revenue Actual | 438.84M | 428.38M | 417.15M | 386.66M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
