Railway infrastructure company L.B. Foster (NASDAQ: FSTR) will be announcing earnings results this Monday before market hours. Here’s what to look for.
L.B. Foster missed analysts’ revenue expectations by 14.5% last quarter, reporting revenues of $97.79 million, down 21.3% year on year. It was a mixed quarter for the company, with full-year EBITDA guidance exceeding analysts’ expectations but a significant miss of analysts’ EBITDA estimates.
Is L.B. Foster a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting L.B. Foster’s revenue to grow 2.5% year on year to $144.3 million, a reversal from the 4.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. L.B. Foster has missed Wall Street’s revenue estimates three times over the last two years.
Looking at L.B. Foster’s peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Luxfer delivered year-on-year revenue growth of 4.3%, beating analysts’ expectations by 5.9%, and GE Aerospace reported revenues up 23.4%, topping estimates by 6.5%. Luxfer’s stock price was unchanged after the resultswhile GE Aerospace was down 1.1%.
Read our full analysis of Luxfer’s results here and GE Aerospace’s results here.
Investors in the general industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. L.B. Foster is down 8.1% during the same time and is heading into earnings with an average analyst price target of $29 (compared to the current share price of $22.24).
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