Food processing and aviation equipment manufacturer John Bean (NYSE:JBT) is expected to be reporting earnings tomorrow after market hours. Here’s what to look for.
John Bean beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $453.8 million, up 12.4% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ organic revenue estimates but full-year EBITDA guidance slightly missing analysts’ expectations.
Is John Bean a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting John Bean’s revenue to grow 10% year on year to $489.2 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.82 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. John Bean has missed Wall Street’s revenue estimates six times over the last two years.
Looking at John Bean’s peers in the general industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 14.3%, beating analysts’ expectations by 13.7%, and Kadant reported revenues up 8.1%, in line with consensus estimates. GE Aerospace traded up 4.5% following the results while Kadant’s stock price was unchanged.
Read our full analysis of GE Aerospace’s results here and Kadant’s results here.
Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the general industrial machinery stocks have shown solid performance, the group has generally underperformed, with share prices down 4.6% on average over the last month.
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