Mistras Group Inc reports results for the quarter ended in March - Earnings Summary

• Mistras Group Inc MG reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of four analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -3 cents to 11 cents per share.

• Revenue rose 9.8% to $184.44 million from a year ago; analysts expected $174.93 million.

• Mistras Group Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $995 thousand.

• Mistras Group Inc shares had fallen by 8.5% this quarter and gained 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the integrated oil & gas peer group is "buy."

Wall Street's median 12-month price target for Mistras Group Inc is $13.00

This summary was machine generated from LSEG data May 1 at 09:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)