Building systems company Limbach (NASDAQ: LMB) will be announcing earnings results this Tuesday after the bell. Here’s what to expect.
Limbach missed analysts’ revenue expectations last quarter, reporting revenues of $186.9 million, up 30.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.
Is Limbach 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 Limbach’s revenue to be flat year on year, slowing from the 11.9% 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. Limbach has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Limbach’s peers in the construction and maintenance services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 56.5%, beating analysts’ expectations by 19.5%, and Granite Construction reported revenues up 30.4%, topping estimates by 18%. Comfort Systems traded down 2.7% following the results while Granite Construction was up 13.8%.
Read our full analysis of Comfort Systems’s results here and Granite Construction’s results here.
There has been positive sentiment among investors in the construction and maintenance services segment, with share prices up 9.4% on average over the last month. Limbach is up 22.6% during the same time and is heading into earnings with an average analyst price target of $116.60 (compared to the current share price of $98.88).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
