D.A. Davidson & Co. Expects Solid Results From Matrix Service Co. Earnings Call

In a report published Tuesday, D.A. Davidson & Co. analyst Tristan Richardson reiterated a Buy rating and $40.00 price target on

. In the report, D.A. Davidson & Co. noted, “Earnings results scheduled for September 3rd, after the close. The call is scheduled for the following morning, Thursday, September 4th, at 11am ET/ 8am PT. We look for $0.36 per share for the fourth quarter ended June 30th (which is in line with consensus), as compared to $0.28 a year ago. Our estimates are at the higher end of management's implied Q4 guidance of $0.37-$0.29. We look for continued growth in the Storage segment as the company continues to execute substantial work booked over the past several quarters. Our projections also include growth from the acquired North American Construction operations, which are included in Electrical and Industrial segments.” Matrix Service Co. closed on Friday at $28.21.