Stifel Canada Has Negative Estimate for Mattr Q3 Earnings

Mattr Corp. (TSE:MATFree Report) – Equities researchers at Stifel Canada reduced their Q3 2024 EPS estimates for Mattr in a research report issued on Wednesday, October 16th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.23. Stifel Canada also issued estimates for Mattr’s FY2024 earnings at $0.78 EPS.

Mattr (TSE:MATGet Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.05. The firm had revenue of C$253.86 million during the quarter, compared to analysts’ expectations of C$256.18 million.

Separately, Royal Bank of Canada raised shares of Mattr from a “hold” rating to a “moderate buy” rating in a report on Wednesday, July 3rd.

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