Payment technology company Crane NXT (NYSE: CXT) will be reporting results this Wednesday after the bell. Here’s what to expect.
Crane NXT beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $404.4 million, up 9.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue estimates.
Is Crane NXT a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Crane NXT’s revenue to grow 6.5% year on year to $429.8 million, slowing from the 14.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 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. Crane NXT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.
Looking at Crane NXT’s peers in the specialized technology segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Napco delivered year-on-year revenue growth of 11.7%, beating analysts’ expectations by 4.8%, and Mirion reported revenues up 7.9%, in line with consensus estimates. Mirion traded up 18.1% following the results.
Read our full analysis of Napco’s results here and Mirion’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the specialized technology stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Crane NXT is down 5% during the same time and is heading into earnings with an average analyst price target of $77.33 (compared to the current share price of $64.14).
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