Safety equipment manufacturer MSA Safety (NYSE: MSA) will be reporting results this Monday after the bell. Here’s what you need to know.
MSA Safety beat analysts’ revenue expectations last quarter, reporting revenues of $510.9 million, up 2.2% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is MSA Safety 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 MSA Safety’s revenue to grow 7.2% year on year, improving from the 1.9% increase it recorded in the same quarter last year.
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. MSA Safety has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MSA Safety’s peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CECO Environmental delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 4.1%, and Tetra Tech reported a revenue decline of 4.9%, topping estimates by 4.8%. CECO Environmental traded up 11.6% following the results while Tetra Tech was also up 1.4%.
Read our full analysis of CECO Environmental’s results here and Tetra Tech’s results here.
There has been positive sentiment among investors in the business services & supplies segment, with share prices up 10.1% on average over the last month. MSA Safety’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $208.14 (compared to the current share price of $165.79).
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