Matson (MATX) Dips More Than Broader Markets: What You Should Know

Matson (MATX) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

Matson (MATX) closed the most recent trading day at $87.83, moving -0.76% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq added 0.13%.

Matson (MATX) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the ocean transportation and logistics services company had gained 5.82% over the past month, outpacing the Transportation sector’s gain of 2.52% and the S&P 500’s gain of 2.36% in that time.

Matson will be looking to display strength as it nears its next earnings release. In that report, analysts expect Matson to post earnings of $5.98 per share. This would mark year-over-year growth of 205.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, up 47.05% from the year-ago period.

Investors might also notice recent changes…

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