
Matson (MATX) Stock Forecast & Price Target
Matson (MATX) Analyst Ratings
Bulls say
Matson Inc demonstrated a significant improvement in its second-quarter results, substantially exceeding initial expectations following a cautious first quarter. The Ocean Transportation segment was particularly strong, with reported revenues of $675.6 million and operating income of $98.6 million, both surpassing prior estimates of $652 million and $72.2 million, respectively. The company's performance reflects a growth trend, increasing from 13% in the first quarter to a greater percentage in the second quarter compared to the prior year's figures, bolstering a positive financial outlook for Matson's stock.
Bears say
Matson Inc. anticipates a significant decline in third-quarter Ocean operating income, projecting $98 million, down sharply from $227 million in the same quarter of the previous year. Additionally, there has been a reported 14.6% year-over-year decline in China volumes, indicating a downward trend despite being better than earlier forecasts. This combination of reduced operating income and declining volumes raises concerns about the company’s ability to maintain robust financial performance moving forward.
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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