Building systems company Limbach (NASDAQ: LMB) will be announcing earnings results this Tuesday after market close. Here’s what you need to know.
Limbach beat analysts’ revenue expectations last quarter, reporting revenues of $138.9 million, up 4.3% 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’ EBITDA 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 grow 24.6% year on year, improving from the 16.4% 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. 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 Q2 results, giving us a hint as to what we can expect. MYR Group delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 8.3%, and Comfort Systems reported revenues up 50.3%, topping estimates by 9.9%. MYR Group traded up 2.7% following the results while Comfort Systems was down 5.3%.
Read our full analysis of MYR Group’s results here and Comfort Systems’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the construction and maintenance services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Limbach is down 11.9% during the same time and is heading into earnings with an average analyst price target of $115.60 (compared to the current share price of $71.69).
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