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Earnings To Watch: FTAI Infrastructure (FIP) Reports Q3 Results Tomorrow

FIP Cover Image

Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ: FIP) will be reporting results this Thursday after market hours. Here’s what investors should know.

FTAI Infrastructure missed analysts’ revenue expectations by 9.8% last quarter, reporting revenues of $122.3 million, up 44.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

Is FTAI Infrastructure a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting FTAI Infrastructure’s revenue to grow 75.7% year on year to $146.4 million, improving from the 3.2% increase it recorded in the same quarter last year.

FTAI Infrastructure Total Revenue

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. FTAI Infrastructure has missed Wall Street’s revenue estimates twice since going public.

Looking at FTAI Infrastructure’s peers in the construction and engineering segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 35.2%, beating analysts’ expectations by 13.2%, and Orion reported flat revenue, in line with consensus estimates. Comfort Systems traded up 18.9% following the results.

Read our full analysis of Comfort Systems’s results here and Orion’s results here.

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 3.1% on average over the last month. FTAI Infrastructure is up 21.1% during the same time and is heading into earnings with an average analyst price target of $11.33 (compared to the current share price of $5.40).

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