Northland Securities Weighs in on Matrix Service Q3 Earnings

Matrix Service Company (NASDAQ:MTRX) – Investment analysts at Northland Securities issued their Q3 2026 earnings per share estimates for shares of Matrix Service in a research note issued on Wednesday, February 11th. Northland Securities analyst E. Jackson anticipates that the company will post earnings per share of $0.06 for the quarter. Northland Securities has a “Strong-Buy” rating on the stock. The consensus estimate for Matrix Service’s current full-year earnings is ($0.26) per share. Northland Securities also issued estimates for Matrix Service’s Q4 2026 earnings at $0.22 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $0.75 EPS, FY2028 earnings at $0.63 EPS, FY2029 earnings at $0.70 EPS and FY2030 earnings at $0.75 EPS.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $210.51 million during the quarter, compared to analysts’ expectations of $215.42 million. Matrix Service had a negative return on equity of 8.56% and a negative net margin of 2.30%.

Several other research firms have also issued reports on MTRX. DA Davidson reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Matrix Service in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Matrix Service in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Matrix Service Trading Down 2.5%

Matrix Service stock opened at $11.34 on Friday. The firm has a market capitalization of $318.99 million, a price-to-earnings ratio of -16.68, a P/E/G ratio of 2.53 and a beta of 0.95. Matrix Service has a 12-month low of $9.33 and a 12-month high of $16.10. The firm has a 50 day moving average of $12.57 and a 200 day moving average of $13.19.

Institutional Trading of Matrix Service

Several institutional investors have recently made changes to their positions in the company. Boston Partners increased its stake in Matrix Service by 71.5% during the second quarter. Boston Partners now owns 844,966 shares of the company’s stock worth $11,417,000 after acquiring an additional 352,194 shares during the last quarter. Westerly Capital Management LLC boosted its stake in Matrix Service by 34.1% during the third quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock worth $14,388,000 after buying an additional 280,000 shares during the period. AQR Capital Management LLC increased its position in shares of Matrix Service by 601.5% during the first quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock valued at $3,627,000 after acquiring an additional 250,206 shares during the last quarter. CenterBook Partners LP raised its stake in shares of Matrix Service by 55.5% in the 4th quarter. CenterBook Partners LP now owns 634,046 shares of the company’s stock valued at $7,418,000 after acquiring an additional 226,325 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Matrix Service by 46.5% in the 3rd quarter. Millennium Management LLC now owns 630,396 shares of the company’s stock worth $8,246,000 after acquiring an additional 200,189 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Insider Activity

In other Matrix Service news, insider Shawn P. Payne sold 5,231 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.42, for a total value of $59,738.02. Following the completion of the sale, the insider directly owned 102,179 shares of the company’s stock, valued at $1,166,884.18. This trade represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by company insiders.

Key Matrix Service News

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

• Positive Sentiment: Northland Securities upgraded Matrix to a “Strong‑Buy” and issued materially higher forward EPS forecasts (examples: FY2027 $0.75, FY2028 $0.63, FY2029 $0.70, FY2030 $0.75), implying a multi‑year recovery and meaningfully improved profitability vs. the current consensus. Northland Research Note
• Neutral Sentiment: Analysts/publications highlighted key questions from Matrix’s Q4 earnings call — useful for investors deciding whether near‑term weakness is temporary (execution, backlog, margins) or structural; these call takeaways can drive volatility as investors parse management’s plan. 5 Must-Read Analyst Questions From Matrix Service’s Q4 Earnings Call
• Negative Sentiment: Near‑term pressure remains: Matrix missed Q4 estimates (EPS and revenue shortfall) and reports negative margins and a negative consensus for the current fiscal year (consensus EPS ≈ -$0.26), which helps explain the downward price move despite the upgrade — investors remain focused on execution and margin recovery before fully buying the bullish multi‑year view.
• Positive Sentiment: Market coverage/press picked up after the Northland note (coverage cited on Zacks/TickerReport), which can increase investor attention and liquidity in the stock. Upgrade Coverage

About Matrix Service

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.