Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ: FIP) will be announcing earnings results tomorrow after the bell. Here’s what to expect.
FTAI Infrastructure missed analysts’ revenue expectations by 11.7% last quarter, reporting revenues of $83.31 million, up 3.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is FTAI Infrastructure a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting FTAI Infrastructure’s revenue to grow 16.4% year on year to $94.83 million, improving from the 14.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.42 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.
Looking at FTAI Infrastructure’s peers in the construction and engineering segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 13.3%, missing analysts’ expectations by 1%, and MDU Resources reported a revenue decline of 52.8%, falling short of estimates by 32.3%. Quanta traded down 7.8% following the results while MDU Resources was also down 7.8%.
Read our full analysis of Quanta’s results here and MDU Resources’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the construction and engineering stocks have shown solid performance, the group has generally underperformed, with share prices down 5.7% on average over the last month. FTAI Infrastructure is down 16.5% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $5.65).
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