Self-storage and building solutions company Janus (NYSE: JBI) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.
Janus beat analysts’ revenue expectations by 24.1% last quarter, reporting revenues of $230.8 million, down 12.5% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA 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 18.9% year on year to $206.4 million, a reversal from the 1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 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. 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 Q1 results, giving us a hint as to what we can expect. Insteel delivered year-on-year revenue growth of 26.1%, beating analysts’ expectations by 7.2%, and Apogee reported a revenue decline of 4.5%, topping estimates by 4.2%. Insteel traded up 13.9% following the results while Apogee was down 12.7%.
Read our full analysis of Insteel’s results here and Apogee’s results here.
There has been positive sentiment among investors in the commercial building products segment, with share prices up 15.1% on average over the last month. Janus is up 11% during the same time and is heading into earnings with an average analyst price target of $9.80 (compared to the current share price of $7.24).
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