Earnings Outlook For MISTRAS Group

MISTRAS Group MG is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.

Analysts are estimating that MISTRAS Group will 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).

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.08, leading to a 1.3% increase in the share price the following trading session.

Here's a look at MISTRAS Group's past performance and the resulting price change:

Performance of MISTRAS Group Shares

Shares of MISTRAS Group were trading at $11.1 as of October 30. Over the last 52-week period, shares are up 54.63%. Given that these returns are generally positive, long-term shareholders are likely bullish 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.