Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ: FIP) will be reporting earnings tomorrow after market close. Here’s what you need to know.
FTAI Infrastructure missed analysts’ revenue expectations by 14.8% last quarter, reporting revenues of $80.76 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is FTAI Infrastructure a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting FTAI Infrastructure’s revenue to grow 30.7% year on year to $107.8 million, improving from the 7.9% 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.
Looking at FTAI Infrastructure’s peers in the construction and engineering segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 23.9%, beating analysts’ expectations by 6.2%, and Ameresco reported revenues up 18.2%, topping estimates by 14.9%. Quanta traded up 9.8% following the results while Ameresco was also up 11.8%.
Read our full analysis of Quanta’s results here and Ameresco’s results here.
There has been positive sentiment among investors in the construction and engineering segment, with share prices up 15.1% on average over the last month. FTAI Infrastructure is up 33.3% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $4.48).
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