Water management company Northwest Pipe (NASDAQ: NWPX) will be announcing earnings results tomorrow afternoon. Here’s what to expect.
Northwest Pipe missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $119.6 million, up 8.6% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is Northwest Pipe a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Northwest Pipe’s revenue to decline 1.1% year on year to $111.9 million, a reversal from the 14.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 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. Northwest Pipe has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Northwest Pipe’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lennox delivered year-on-year revenue growth of 2.4%, beating analysts’ expectations by 4.6%, and Zurn Elkay reported revenues up 4%, topping estimates by 1.4%. Lennox traded down 6.5% following the results while Zurn Elkay was up 4.9%.
Read our full analysis of Lennox’s results here and Zurn Elkay’s results here.
Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Northwest Pipe is up 2.6% during the same time and is heading into earnings with an average analyst price target of $57 (compared to the current share price of $42.36).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
