Speciality material and gas containment company Luxfer (NYSE: LXFR) will be announcing earnings results this Tuesday after the bell. Here’s what to expect.
Luxfer beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $104 million, up 4.3% 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 Luxfer a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Luxfer’s revenue to decline 6.7% year on year to $92.7 million, a reversal from the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 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. Luxfer has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 8.9% on average.
Looking at Luxfer’s peers in the general industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 36.2%, beating analysts’ expectations by 11.7%, and Honeywell reported revenues up 7%, topping estimates by 2.6%. GE Aerospace traded down 1.6% following the results while Honeywell was up 4.6%.
Read our full analysis of GE Aerospace’s results here and Honeywell’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 3.7% on average over the last month. Luxfer is down 2.7% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $13.58).
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