Self-storage and building solutions company Janus (NYSE: JBI) will be announcing earnings results this Thursday before market open. Here’s what you need to know.
Janus beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $210.5 million, down 17.3% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.
Is Janus a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Janus’s revenue to decline 13% year on year to $216.2 million, a further deceleration from the 8.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 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. Janus has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Janus’s peers in the commercial building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 23.4%, beating analysts’ expectations by 2.2%, and Johnson Controls reported revenues up 2.6%, topping estimates by 0.7%. Insteel traded down 5.8% following the results while Johnson Controls was also down 6.7%.
Read our full analysis of Insteel’s results here and Johnson Controls’s results here.
There has been positive sentiment among investors in the commercial building products segment, with share prices up 2.1% on average over the last month. Janus’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $10 (compared to the current share price of $8.72).
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