MISTRAS Group (NYSE:MG) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect MISTRAS Group to report an earnings per share (EPS) of $0.27.
MISTRAS Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.08, which was followed by a 1.3% increase in the share price the next day.
Here's a look at MISTRAS Group's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.04 | 0.15 | 0.16 |
| EPS Actual | 0.21 | 0.07 | 0.10 | 0.18 |
| Price Change % | 1.0% | 1.0% | 7.000000000000001% | 12.0% |
Market Performance of MISTRAS Group's Stock
Shares of MISTRAS Group were trading at $11.11 as of October 28. Over the last 52-week period, shares are up 110.02%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for MISTRAS Group visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
