Water management company Northwest Pipe (NASDAQ: NWPX) will be reporting results this Wednesday after market close. Here’s what investors should know.
Northwest Pipe beat analysts’ revenue expectations by 10.1% last quarter, reporting revenues of $133.2 million, up 2.8% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Northwest Pipe a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Northwest Pipe’s revenue to grow 1.4% year on year to $132 million, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.02 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. Northwest Pipe has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 6.9% on average.
Looking at Northwest Pipe’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lennox’s revenues decreased 4.8% year on year, missing analysts’ expectations by 4.3%, and Apogee reported revenues up 4.6%, topping estimates by 2.1%. Lennox traded down 9.9% following the results while Apogee was also down 4.5%.
Read our full analysis of Lennox’s results here and Apogee’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 3.8% on average over the last month. Northwest Pipe is up 5.3% during the same time and is heading into earnings with an average analyst price target of $56.33 (compared to the current share price of $54.87).
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