Speciality material and gas containment company Luxfer (NYSE: LXFR) will be reporting earnings this Tuesday after the bell. Here’s what you need to know.
Luxfer met analysts’ revenue expectations last quarter, reporting revenues of $92.9 million, down 6.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is Luxfer 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 Luxfer’s revenue to decline 10.3% year on year, a reversal from the 7.8% 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 to stay the course heading into earnings. Luxfer rarely misses Wall Street’s revenue estimates.
Looking at Luxfer’s peers in the general industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Columbus McKinnon delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 5.3%, and GE Aerospace reported revenues up 20.1%, topping estimates by 6.3%. Columbus McKinnon’s stock price was unchanged after the resultswhile GE Aerospace was down 7.7%.
Read our full analysis of Columbus McKinnon’s results here and GE Aerospace’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 7.1% on average over the last month. Luxfer is up 3.4% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $15.65).
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