The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

HONOLULU, Oct. 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the third quarter on Wednesday, October 30, 2024. A conference call is scheduled for 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's third quarter results. Date of Conference Call: Wednesday, October 30, 20 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tr ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Have you been paying attention to shares of Matson (MATX) ? Shares have been on the move with the stock up 3.1% over the past month. The stock hit a new 52-week high of $144.93 in the previous session. Matson has gained 30.1% since the start of the year compared to the 0.5% move for the Zacks Transportation sector and the -2.8% return for the Zacks Transportation - Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ...

Matson, Inc. (NYSE: MATX ) serves a vital link to the remote and geographically 'cut-off' economies of Hawaii, Alaska, Okinawa, Guam, and other island economies of Micronesia. Through its marine transportation business, the company is one of the few players built up to I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I've developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close wa ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Zacks has developed the inn ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in i ...

Financial Data and Key Metrics Changes - Consolidated operating income increased by $27.9 million year-over-year to $124.6 million, driven by higher contributions from ocean transportation and logistics [8] - Net income rose by 40.1% year-over-year, while diluted earnings per share increased by 46.5% year-over-year, attributed to a decrease in diluted weighted average shares outstanding [8] - Interest income for the quarter was $18.8 million, with interest expense decreasing to $0.8 million due to reduced outstanding debt [8] Business Line Data and Key Metrics Changes - Ocean transportation operating income increased significantly due to higher freight rates in China, despite higher vessel operating costs [8] - Logistics operating income rose to $15.6 million, approximately $1.3 million higher than the previous year, primarily due to stronger supply chain management contributions [7][8] - Container volume in Hawaii decreased by 3.6% year-over-year, while Alaska's container volume increased by 4.9% due to additional sailings [4][7] Market Data and Key Metrics Changes - Matson's China service saw a 3% increase in volume year-over-year, with significantly higher average freight rates [5][6] - Guam's container volume decreased by 6.1% year-over-year due to one less sailing, while Alaska's volume showed growth [7] - The Hawaii economy is projected to grow modestly in 2024, but challenges such as lower discretionary income due to inflation may impact volume [5] Company Strategy and Development Direction - The company is raising its outlook for 2024 based on strong performance in ocean transportation and expected strength in the China service [4] - There is a focus on the ongoing shift from airfreight to expedited ocean services, driven by e-commerce growth [6] - The company plans to continue returning excess capital to shareholders through dividends and share repurchases, with a commitment to maintaining financial flexibility [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to respond to changing market conditions, despite uncertainties in the China service outlook [11] - The company expects elevated freight rates during the traditional peak season, but the trajectory post-peak remains uncertain due to various external factors [6][10] - Management anticipates that the domestic tradelanes will approach 2023 volume levels, barring significant changes in the US economy [10] Other Important Information - The company repurchased approximately 0.6 million shares for $72.2 million during the second quarter, with a total of 10.6 million shares repurchased since the program's initiation [9] - Total debt at the end of the second quarter was $420.7 million, reflecting a reduction of $9.8 million from the previous quarter [9] Q&A Session Summary Question: SSAT volume performance - Management explained that while overall volumes increased on the West Coast, SSAT did not see similar increases due to geographic factors affecting cargo distribution [12] Question: Freight market dynamics - Management noted that international freight markets are performing better than domestic markets, with no surplus inventories observed among customers [14] Question: Focus on supply chain management - Management confirmed that supply chain management is an area of increased focus, highlighting synergies with ocean services and organic growth potential [16][18] Question: Guidance on ocean performance - Management indicated that ocean transportation operating income is expected to be meaningfully higher than the previous year, but specifics were not disclosed [20][25] Question: Volume expectations for peak season - Management expects to be full during the third quarter and into early fourth quarter, indicating strong demand [23] Question: CapEx guidance changes - Management clarified that the increase in CapEx guidance was due to specific project costs, not a pull forward from future investments [24] Question: New service opportunities - Management stated that while adding a third expedited service is on the radar, it is unlikely to happen in the near term due to current market conditions [22][27]

Matson (MATX) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $2.26 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of $0.99 per share when it actually produced earnings of $1.04, delivering a surprise of 5.05%. Over th ...