Landscaping service company BrightView (NYSE: BV) will be reporting results tomorrow after market hours. Here’s what to look for.
BrightView missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $599.2 million, down 4.4% year on year. It was a slower quarter for the company, with a miss of analysts’ Maintenance revenue estimates and a significant miss of analysts’ adjusted operating income estimates.
Is BrightView a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting BrightView’s revenue to decline 3.9% year on year to $646.6 million, a reversal from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 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. BrightView has missed Wall Street’s revenue estimates six times over the last two years.
Looking at BrightView’s peers in the environmental and facilities services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Rollins delivered year-on-year revenue growth of 9.9%, meeting analysts’ expectations, and Waste Connections reported revenues up 7.5%, in line with consensus estimates. Rollins traded up 1.1% following the results while Waste Connections’s stock price was unchanged.
Read our full analysis of Rollins’s results here and Waste Connections’s results here.
There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 12.3% on average over the last month. BrightView is up 15.4% during the same time and is heading into earnings with an average analyst price target of $18.68 (compared to the current share price of $14.36).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
