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Nordson (NDSN) Reports Q2: Everything You Need To Know Ahead Of Earnings

NDSN Cover Image

Manufacturing company Nordson (NASDAQ: NDSN) will be reporting results this Wednesday afternoon. Here’s what to look for.

Nordson beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $682.9 million, up 5% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter topping analysts’ expectations but organic revenue in line with analysts’ estimates.

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

This quarter, analysts are expecting Nordson’s revenue to grow 9.1% year on year to $721.7 million, improving from the 2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.63 per share.

Nordson Total Revenue

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. Nordson has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Nordson’s peers in the professional tools and equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lincoln Electric delivered year-on-year revenue growth of 6.6%, beating analysts’ expectations by 5.1%, and Hillman reported revenues up 6.2%, topping estimates by 2.6%. Lincoln Electric traded up 7.8% following the results while Hillman was also up 22.9%.

Read our full analysis of Lincoln Electric’s results here and Hillman’s results here.

There has been positive sentiment among investors in the professional tools and equipment segment, with share prices up 4.8% on average over the last month. Nordson’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $251.80 (compared to the current share price of $215.93).

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