Industrial manufacturer Standex (NYSE: SXI) will be reporting results this Thursday after market hours. Here’s what to look for.
Standex beat analysts’ revenue expectations last quarter, reporting revenues of $221.3 million, up 16.6% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a miss of analysts’ adjusted operating income estimates.
Is Standex 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 Standex’s revenue to grow 8.4% year on year, slowing from the 17.2% increase it recorded in the same quarter last year.
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. Standex has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Standex’s peers in the gas and liquid handling segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Gorman-Rupp delivered year-on-year revenue growth of 7.7%, beating analysts’ expectations by 3.5%, and Ingersoll Rand reported revenues up 7.6%, topping estimates by 0.9%. Gorman-Rupp traded up 16.2% following the results.
Read our full analysis of Gorman-Rupp’s results here and Ingersoll Rand’s results here.
There has been positive sentiment among investors in the gas and liquid handling segment, with share prices up 14.1% on average over the last month. Standex is up 7.7% during the same time and is heading into earnings with an average analyst price target of $288.80 (compared to the current share price of $269.29).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
