Railway infrastructure company L.B. Foster (NASDAQ: FSTR) will be reporting results this Monday before the bell. Here’s what to look for.
L.B. Foster beat analysts’ revenue expectations last quarter, reporting revenues of $160.4 million, up 25.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
Is L.B. Foster 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 L.B. Foster’s revenue to grow 6.6% year on year, a reversal from the 21.3% 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. L.B. Foster has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at L.B. Foster’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Albany delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 10.8%, and Luxfer reported a revenue decline of 13.5%, falling short of estimates by 0.7%. Albany’s stock price was unchanged after the resultswhile Luxfer was up 7%.
Read our full analysis of Albany’s results here and Luxfer’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 9.4% on average over the last month. L.B. Foster is up 1.9% during the same time and is heading into earnings with an average analyst price target of $32.50 (compared to the current share price of $30.68).
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