Mattr Corp. Forecasted to Earn Q3 2024 Earnings of $0.23 Per Share (TSE:MAT)

Mattr Corp. (TSE:MAT) – Equities researchers at Stifel Canada cut their Q3 2024 earnings per share (EPS) estimates for Mattr in a report released on Sunday, August 11th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.42. Stifel Canada also issued estimates for Mattr’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.85 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.28 EPS and FY2025 earnings at $1.18 EPS.

Mattr (TSE:MAT) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The firm had revenue of C$224.46 million during the quarter, compared to the consensus estimate of C$217.00 million.

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

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