Industrial products company CSW (NASDAQ: CSWI) is expected to be reporting earnings this Wednesday before market open. Here’s what you need to know.
CSW missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $230.5 million, up 9.3% year on year. It was a slower quarter for the company, with a slight miss of analysts’ EBITDA estimates.
Is CSW a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CSW’s revenue to grow 22.9% year on year to $278.1 million, improving from the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.80 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CSW has missed Wall Street’s revenue estimates four times over the last two years.
Looking at CSW’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lennox delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 2.5%, and A. O. Smith reported a revenue decline of 1.3%, topping estimates by 1.2%. Lennox traded up 7.2% following the results while A. O. Smith was also up 1%.
Read our full analysis of Lennox’s results here and A. O. Smith’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 6.5% on average over the last month. during the same time and is heading into earnings with an average analyst price target of $334.67 (compared to the current share price of $305.10).
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