Mistras Group Inc (MG) said after close Wednesday that it earned $0.1 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $182.1 million, beating estimates by $7.8 million.
In the same quarter a year ago, the company earned $0.09 per share on revenue of $168.2 million.
The stock is up 9.59% to $9.14 after the report.
Mistras Group Inc's earnings expanded faster than revenues, signaling widening profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 67. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the largest concentration in the United States, followed by Canada, consisting primarily of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.
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Mistras Group Inc Up 9.59% To $9.14 After Earnings Miss
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