Safety equipment manufacturer MSA Safety (NYSE: MSA) will be announcing earnings results this Tuesday after market hours. Here’s what investors should know.
MSA Safety beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $474.1 million, up 2.5% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is MSA Safety a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MSA Safety’s revenue to grow 7.1% year on year to $463.4 million, a reversal from the 3.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.87 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. MSA Safety has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 2.4% on average.
Looking at MSA Safety’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Steelcase delivered year-on-year revenue growth of 4.8%, beating analysts’ expectations by 2.7%, and MillerKnoll reported revenues up 10.9%, topping estimates by 4.9%. Steelcase’s stock price was unchanged after the resultswhile MillerKnoll was down 10.4%.
Read our full analysis of Steelcase’s results here and MillerKnoll’s results here.
Investors in the business services & supplies segment have had steady hands going into earnings, with share prices flat over the last month. MSA Safety is down 1.6% during the same time and is heading into earnings with an average analyst price target of $191.80 (compared to the current share price of $168.20).
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