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Atkore (ATKR) Reports Q4: Everything You Need To Know Ahead Of Earnings

ATKR Cover Image

Electrical safety company Atkore (NYSE: ATKR) will be reporting results tomorrow morning. Here’s what investors should know.

Atkore beat analysts’ revenue expectations by 5.3% last quarter, reporting revenues of $788.3 million, down 9.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ organic revenue estimates but full-year EBITDA guidance missing analysts’ expectations significantly.

Is Atkore a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Atkore’s revenue to decline 15.4% year on year to $675.7 million, a further deceleration from the 4.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.55 per share.

Atkore 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. Atkore has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Atkore’s peers in the electrical systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. LSI delivered year-on-year revenue growth of 35.5%, beating analysts’ expectations by 14.3%, and OSI Systems reported revenues up 12.5%, topping estimates by 3.3%. LSI traded up 11.7% following the results while OSI Systems was also up 18.4%.

Read our full analysis of LSI’s results here and OSI Systems’s results here.

Investors in the electrical systems segment have had steady hands going into earnings, with share prices flat over the last month. Atkore is down 7.7% during the same time and is heading into earnings with an average analyst price target of $103.67 (compared to the current share price of $78).

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