
Matson (MATX) Stock Forecast & Price Target
Matson (MATX) Analyst Ratings
Bulls say
Matson's financial performance showed significant improvement in the second quarter, with Ocean Transportation revenues reaching $675.6 million and operating income of $98.6 million, both exceeding prior estimates. This successful outcome marks a notable growth trajectory, as revenues have increased from 13% in the first quarter to "high-single digits" compared to the same period the previous year. The transportation segment's strong performance underpins a positive outlook for the company's overall financial health and stability.
Bears say
Matson Inc anticipates a significant decline in its 3Q operating income for the Ocean Transportation segment, projecting $98 million compared to $227 million in the same quarter last year, indicative of a substantial drop in revenue performance. Additionally, the company's volumes from China have decreased by 14.6% year-over-year, signaling ongoing challenges in international shipping dynamics, despite being slightly better than previous forecasts. This decline in key financial metrics, alongside disappointing shipping volumes, contributes to a negative outlook for Matson's stock performance in the near term.
This aggregate rating is based on analysts' research of Matson and is not a guaranteed prediction by Public.com or investment advice.
Matson (MATX) Analyst Forecast & Price Prediction
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