Industrial technology solutions provider EnPro Industries (NYSE: NPO) will be announcing earnings results this Tuesday before market hours. Here’s what to look for.
Enpro beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $288.1 million, up 6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a miss of analysts’ EBITDA estimates.
Is Enpro a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Enpro’s revenue to grow 6% year on year to $276.6 million, improving from the 4.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.96 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. Enpro has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 2.3% on average.
Looking at Enpro’s peers in the engineered components and systems segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Timken delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 3.6%, and Applied Industrial reported revenues up 9.2%, topping estimates by 1.1%. Timken traded up 1.9% following the results while Applied Industrial was down 2.3%.
Read our full analysis of Timken’s results here and Applied Industrial’s results here.
Investors in the engineered components and systems segment have had steady hands going into earnings, with share prices flat over the last month. Enpro’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $241 (compared to the current share price of $232.01).
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