Banking and retail technology provider Diebold Nixdorf (NYSE: DBD) will be announcing earnings results this Thursday morning. Here’s what investors should know.
Diebold Nixdorf met analysts’ revenue expectations last quarter, reporting revenues of $1.10 billion, up 11.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Diebold Nixdorf 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 Diebold Nixdorf’s revenue to grow 2% year on year, a reversal from the 6.2% decrease 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. Diebold Nixdorf has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Diebold Nixdorf’s peers in the it services & other tech segment, some have already reported their Q1 results, giving us a hint as to what we can expect. IBM delivered year-on-year revenue growth of 9.5%, beating analysts’ expectations by 1.4%, and Accenture reported revenues up 8.3%, topping estimates by 0.8%. IBM traded down 8.3% following the results while Accenture was up 2.5%.
Read our full analysis of IBM’s results here and Accenture’s results here.
There has been positive sentiment among investors in the it services & other tech segment, with share prices up 13.1% on average over the last month. Diebold Nixdorf is up 11.9% during the same time and is heading into earnings with an average analyst price target of $96.67 (compared to the current share price of $82.36).
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