Infrastructure equipment supplier SPX Technologies (NYSE: SPXC) will be announcing earnings results this Tuesday after market hours. Here’s what to expect.

SPX Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $592.8 million, up 22.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

Is SPX Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting SPX Technologies’s revenue to grow 17.7% year on year, improving from the 13.7% increase it recorded in the same quarter last year.

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. SPX Technologies has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at SPX Technologies’s peers in the gas and liquid handling segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Atmus Filtration Technologies delivered year-on-year revenue growth of 9.8%, beating analysts’ expectations by 5.5%, and Flowserve reported revenues up 3.5%, falling short of estimates by 3.5%. Atmus Filtration Technologies traded up 3.2% following the results while Flowserve was also up 8.2%.

Read our full analysis of Atmus Filtration Technologies’s results here and Flowserve’s results here.

There has been positive sentiment among investors in the gas and liquid handling segment, with share prices up 7.1% on average over the last month. SPX Technologies is up 12.6% during the same time and is heading into earnings with an average analyst price target of $240 (compared to the current share price of $242.36).

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