Metal coating and infrastructure solutions provider AZZ (NYSE:AZZ) will be reporting results tomorrow afternoon. Here’s what to look for.
AZZ beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $403.7 million, up 5.8% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates.
Is AZZ a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AZZ’s revenue to be flat year on year at $367.8 million, slowing from the 8.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.
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. AZZ has missed Wall Street’s revenue estimates three times over the last two years.
Looking at AZZ’s peers in the building products segment, only Insteel has reported results so far. It beat analysts’ revenue estimates by 7.2%, delivering year-on-year sales growth of 26.1%.
Read our full analysis of Insteel’s earnings results here.
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
