
Building systems company Limbach (NASDAQ: LMB) will be announcing earnings results this Tuesday afternoon. Hereโs what to look for.
Limbach missed analystsโ revenue expectations by 1.4% last quarter, reporting revenues of $142.2 million, up 16.4% year on year. It was an exceptional quarter for the company, with full-year EBITDA guidance exceeding analystsโ expectations and full-year revenue guidance exceeding analystsโ expectations.
Is Limbach a buy or sell going into earnings? Read our full analysis here, itโs free for active Edge members.
This quarter, analysts are expecting Limbachโs revenue to grow 37.8% year on year to $184.5 million, improving from the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 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. Limbach has only missed Wall Streetโs revenue estimates once since going public and has exceeded top-line expectations by 4.3% on average.
Looking at Limbachโs peers in the construction and maintenance services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 35.2%, beating analystsโ expectations by 13.2%, and APi reported revenues up 14.2%, topping estimates by 3.9%. Comfort Systems traded up 18.9% following the results while APi was also up 6.9%.
Read our full analysis of Comfort Systemsโs results here and APiโs results here.
Investors in the construction and maintenance services segment have had steady hands going into earnings, with share prices flat over the last month. Limbach is up 3.3% during the same time and is heading into earnings with an average analyst price target of $133.75 (compared to the current share price of $96.36).
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