Industrial manufacturer Standex (NYSE: SXI) will be reporting earnings this Thursday after market hours. Here’s what you need to know.
Standex beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $217.4 million, up 27.6% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue estimates but a miss of analysts’ EBITDA estimates.
Is Standex a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Standex’s revenue to grow 15.7% year on year to $219.7 million, improving from the 6.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.99 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. Standex has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Standex’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Graco delivered year-on-year revenue growth of 8.1%, meeting analysts’ expectations, and GE Aerospace reported revenues up 17.6%, topping estimates by 13.9%. Graco traded up 1% following the results while GE Aerospace was down 7.7%.
Read our full analysis of Graco’s results here and GE Aerospace’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 9.3% on average over the last month. Standex is up 8.1% during the same time and is heading into earnings with an average analyst price target of $261.40 (compared to the current share price of $244.97).
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