Self-storage and building solutions company Janus (NYSE: JBI) will be reporting earnings this Tuesday before market open. Here’s what investors should know.
Janus beat analysts’ revenue expectations last quarter, reporting revenues of $226.3 million, down 1.9% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.
Is Janus 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 Janus’s revenue to grow 5.2% year on year, a reversal from the 17.3% 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. Janus has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Janus’s peers in the commercial building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Apogee delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 4.7%, and Johnson Controls reported revenues up 8.2%, topping estimates by 1.4%. Apogee traded up 5.2% following the results while Johnson Controls was down 3.8%.
Read our full analysis of Apogee’s results here and Johnson Controls’s results here.
There has been positive sentiment among investors in the commercial building products segment, with share prices up 3.5% on average over the last month. Janus is down 5.5% during the same time and is heading into earnings with an average analyst price target of $7.95 (compared to the current share price of $5.22).
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