The stock of Matson Inc. (MATX) is falling while the market rises

WAN CHAI, Hong Kong - June 1, 2022 - PRLog -- The Dow rose 1.8%, while the Nasdaq, which is heavily weighted in technology, fell 0.01%. Shares of the maritime transportation and logistics services firm had risen 34.76% during the previous month before to today's trade. In that period, it has outperformed the Transportation sector, which has lost 3.13% and the S&P 500, which has lost 5.01%.

As MATX's next earnings report date approaches, Wall Street will be searching for signs of optimism. Analysts predict MATX will announce earnings of $8.23 per share in that report. This is a 313.57% increase year over year. In the meantime, the Zacks Consensus Estimate for revenue predicts net sales of $1.19 billion, up 67.54 percent from the prior year. The Zacks Consensus Estimates for MATX for the entire year are $26.11 per share in earnings and $4.38 billion in sales. These figures show increases of 21.61% and 11.46%, respectively, over the previous year.

It's also worth noting that analyst forecasts for MATX have recently changed. The changing nature of short-term business trends is reflected in these recent changes. As a result, analysts are confident about the company's operations and profitability is reflected in favourable estimate revisions.

Because valuation is crucial, investors should take note of MATX's current Forward P/E ratio of 4.4. MATX is selling at a discount to the industry's average Forward P/E of 12.85, indicating that it is trading at a disadvantage to the group. The Transportation sector includes the Transportation Services industry. This sector presently has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.

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