Safety equipment manufacturer MSA Safety (NYSE: MSA) will be reporting earnings this Monday after market hours. Here’s what you need to know.
MSA Safety beat analysts’ revenue expectations last quarter, reporting revenues of $503.3 million, up 6.2% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.
Is MSA Safety 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 MSA Safety’s revenue to grow 13.7% year on year, improving from the 8.3% 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 will stay the course heading into earnings. MSA Safety has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MSA Safety’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. UniFirst delivered year-on-year revenue growth of 5%, beating analysts’ expectations by 1.7%, and Cintas reported revenues up 10.9%, topping estimates by 1%. UniFirst traded up 4.6% following the results while Cintas’s stock price was unchanged.
Read our full analysis of UniFirst’s results here and Cintas’s results here.
Investors in the business services & supplies segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. MSA Safety is down 1.5% during the same time and is heading into earnings with an average analyst price target of $208.17 (compared to the current share price of $178.52).
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