Landscaping service company BrightView (NYSE: BV) will be reporting earnings this Wednesday afternoon. Here’s what you need to know.
BrightView beat analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $662.6 million, down 1.5% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is BrightView a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting BrightView’s revenue to decline 2.3% year on year to $721.8 million, improving from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
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. BrightView has missed Wall Street’s revenue estimates five times over the last two years.
Looking at BrightView’s peers in the environmental and facilities services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Rollins delivered year-on-year revenue growth of 12.1%, beating analysts’ expectations by 1.1%, and Veralto reported revenues up 6.4%, topping estimates by 2%. Rollins traded up 5.2% following the results while Veralto was also up 1.8%.
Read our full analysis of Rollins’s results here and Veralto’s results here.
Investors in the environmental and facilities services segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. BrightView is up 1.4% during the same time and is heading into earnings with an average analyst price target of $18.80 (compared to the current share price of $15.60).
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