What To Expect From Janus’s (JBI) Q4 Earnings

JBI Cover Image

Self-storage and building solutions company Janus (NYSE: JBI) will be announcing earnings results tomorrow before the bell. Hereโ€™s what investors should know.

Janus missed analystsโ€™ revenue expectations by 8.2% last quarter, reporting revenues of $230.1 million, down 17.9% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analystsโ€™ expectations.

Is Janus a buy or sell going into earnings? Read our full analysis here, itโ€™s free.

This quarter, analysts are expecting Janusโ€™s revenue to decline 29.5% year on year to $186 million, a further deceleration from the 5.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

Janus Total Revenue

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. Janus has missed Wall Streetโ€™s revenue estimates three times over the last two years.

Looking at Janusโ€™s peers in the building products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Johnson Controls delivered year-on-year revenue growth of 4.2%, beating analystsโ€™ expectations by 2.7%, and Insteel reported revenues up 6.6%, topping estimates by 10.4%. Johnson Controls traded up 14% following the results while Insteel was also up 8.7%.

Read our full analysis of Johnson Controlsโ€™s results here and Insteelโ€™s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the building products stocks have shown solid performance, the group has generally underpeformed, with share prices down 7.4% on average over the last month. Janus is down 8.1% during the same time and is heading into earnings with an average analyst price target of $10 (compared to the current share price of $7.73).

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