Matson stock gained 2.49 percent on October 2 after Q2 outlook

Published on 10/04/2026 at 22:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Matson stock traded at USD 231.11 on October 2, 2026, after second-quarter revenue reached USD 969.4 million. Quarterly EPS rose 46.2 percent to USD 4.27.

MATX, US57686G1058, Illustration mit AI erstellt.

Matson stock (ISIN US57686G1058) gained 2.49 percent to USD 231.11 on the NYSE on October 2, 2026, putting the shipping company near its 52-week high of USD 240.87. In its August 3, 2026 earnings call, Yahoo Finance reported that Matson raised its full-year outlook after strong second-quarter performance, led by its China service.

Q2 revenue beats estimates

Matson generated USD 969.4 million in second-quarter revenue, up 16.7 percent year over year. MarketBeat said the result exceeded the USD 893.91 million consensus estimate by USD 75.49 million.

Diluted EPS reached USD 4.27, compared with a USD 3.79 consensus estimate and USD 2.92 in the year-earlier quarter. The USD 0.48 earnings beat and 46.2 percent year-over-year EPS increase give the revenue advance a clear profit counterpart, rather than making the quarter dependent on volume alone.

China service drives operating income

Matson's China service container volume increased 15.2 percent year over year in Q2 2026. The earnings-call transcript said consolidated operating income reached USD 158.9 million, with ocean transportation contributing USD 45.4 million and logistics contributing USD 0.5 million to the year-over-year increase.

The company also described a more cautious fourth-quarter setup. Management expects third-quarter ocean transportation operating income to be 45 percent above the year-earlier figure, while fourth-quarter ocean transportation operating income is expected to be lower than the elevated Q4 2025 comparison.

Stock remains below yearly high

At USD 231.11, Matson stock was 4.05 percent below its 52-week high of USD 240.87 on October 2, 2026. Its 52-week low was USD 86.97, leaving the stock 165.76 percent above that level and giving the recent price move a wide valuation backdrop.

MarketBeat listed a consensus Buy rating based on one Strong Buy and four Buy ratings, with an average price target of USD 232.33. The target stood 0.53 percent above the October 2 price, while JPMorgan raised its target from USD 230.00 to USD 270.00 on August 4, 2026, according to the same MarketBeat report.

Matson stock closed at USD 231.11

Matson stock closed at USD 231.11 on October 2, 2026, at 4:00 p.m. ET on the NYSE, with a daily gain of 2.49 percent. Market capitalization was USD 7.0 billion and trading volume was 211,257 shares on that date.