Commercial lighting and retail display solutions provider LSI (NASDAQ: LYTS) will be reporting results this Thursday before market hours. Here’s what investors should know.
LSI beat analysts’ revenue expectations last quarter, reporting revenues of $147 million, flat year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is LSI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting LSI’s revenue to grow 4.2% year on year, slowing from the 22.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LSI has a history of exceeding Wall Street’s expectations.
Looking at LSI’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 4.9%, missing analysts’ expectations by 2.5%, and Badger Meter reported a revenue decline of 9%, falling short of estimates by 12.5%. Acuity Brands traded down 6.5% following the results while Badger Meter was also down 25.5%.
Read our full analysis of Acuity Brands’s results here and Badger Meter’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 11.2% on average over the last month. LSI is up 5.9% during the same time and is heading into earnings with an average analyst price target of $30.50 (compared to the current share price of $20.80).
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