Mobile power and logistics company Solaris Energy Infrastructure (NYSE: SEI) will be reporting results this Wednesday after the bell. Here’s what investors should know.
Solaris Energy Infrastructure beat analysts’ revenue expectations last quarter, reporting revenues of $196.2 million, up 55.3% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Solaris Energy Infrastructure 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 Solaris Energy Infrastructure’s revenue to grow 37.2% year on year, slowing from the 102% 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. Solaris Energy Infrastructure has a history of exceeding Wall Street’s expectations.
Looking at Solaris Energy Infrastructure’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Black Stone Minerals’s revenues decreased 6.6% year on year, beating analysts’ expectations by 40.9%, and Vitesse Energy reported revenues up 11.3%, topping estimates by 8.2%.
Read our full analysis of Black Stone Minerals’s results here and Vitesse Energy’s results here.
There has been positive sentiment among investors in the mixed or offshore upstream e&p segment, with share prices up 6% on average over the last month. Solaris Energy Infrastructure is down 16.8% during the same time and is heading into earnings with an average analyst price target of $93.70 (compared to the current share price of $56.13).
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