Industrial distributor DXP Enterprises (NASDAQ: DXPE) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
DXP met analysts’ revenue expectations last quarter, reporting revenues of $498.7 million, up 11.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.
Is DXP a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting DXP’s revenue to grow 5.5% year on year to $498.8 million, slowing from the 12.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.57 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. DXP has missed Wall Street’s revenue estimates twice since going public.
Looking at DXP’s peers in the maintenance and repair distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. MSC Industrial delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 1.5%, and WESCO reported revenues up 12.9%, topping estimates by 4.9%. MSC Industrial traded up 1.1% following the results while WESCO was also up 13.8%.
Read our full analysis of MSC Industrial’s results here and WESCO’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the maintenance and repair distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. DXP is down 2.8% during the same time and is heading into earnings with an average analyst price target of $136.50 (compared to the current share price of $124.04).
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