Speciality material and gas containment company Luxfer (NYSE: LXFR) will be reporting results this Tuesday after market hours. Here’s what to look for.
Luxfer beat analysts’ revenue expectations by 11.9% last quarter, reporting revenues of $97 million, up 8.5% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Luxfer a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Luxfer’s revenue to decline 1.5% year on year to $98.2 million, improving from the 9.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 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. Luxfer has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Luxfer’s peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 21.2%, beating analysts’ expectations by 15.6%, and Honeywell reported revenues up 8.1%, topping estimates by 2.8%. GE Aerospace traded down 1.1% following the results while Honeywell was also down 6.4%.
Read our full analysis of GE Aerospace’s results here and Honeywell’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 6.8% on average over the last month. Luxfer’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $12.06).
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