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Matson (MATX) Stock Sinks As Market Gains: What You Should Know

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In the latest trading session, Matson (MATX - Free Report) closed at $63.99, marking a -1.07% move from the previous day. This change lagged the S&P 500's daily gain of 0.75%.

Prior to today's trading, shares of the ocean transportation and logistics services company had gained 1.78% over the past month. This has outpaced the Transportation sector's loss of 8.24% and lagged the S&P 500's gain of 3.52% in that time.

MATX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.21, up 190.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $763.84 million, up 45.74% from the prior-year quarter.

MATX's full-year Zacks Consensus Estimates are calling for earnings of $8.10 per share and revenue of $2.97 billion. These results would represent year-over-year changes of +82.43% and +24.51%, respectively.

It is also important to note the recent changes to analyst estimates for MATX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 8.44% higher within the past month. MATX is currently a Zacks Rank #1 (Strong Buy).

Valuation is also important, so investors should note that MATX has a Forward P/E ratio of 7.9 right now. This valuation marks a discount compared to its industry's average Forward P/E of 20.18.

The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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