Industrial manufacturer Standex (NYSE:SXI) will be reporting earnings tomorrow afternoon. Here’s what to look for.
Standex missed analysts’ revenue expectations by 4.7% last quarter, reporting revenues of $170.5 million, down 7.7% year on year. It was a slower quarter for the company, with a decent beat of analysts’ EPS estimates.
Is Standex a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Standex’s revenue to grow 5.8% year on year to $188.8 million, a reversal from the 5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.67 per share.
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. Standex has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Standex’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Graco’s revenues decreased 3.2% year on year, missing analysts’ expectations by 1.4%, and GE Aerospace reported revenues up 4.5%, topping estimates by 3.9%. Graco traded down 3.2% following the results while GE Aerospace was up 4.5%.
Read our full analysis of Graco’s results here and GE Aerospace’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 3.5% on average over the last month. Standex’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $217.90 (compared to the current share price of $187.99).
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