Speciality material and gas containment company Luxfer (NYSE: LXFR) will be reporting results this Tuesday after market close. Here’s what you need to know.
Luxfer missed analysts’ revenue expectations last quarter, reporting revenues of $90.7 million, down 12.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ revenue estimates.
Is Luxfer 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 Luxfer’s revenue to decline 12.9% year on year, a reversal from the 8.5% 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. Luxfer has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Luxfer’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 29%, beating analysts’ expectations by 8.3%, and Dover reported revenues up 10.1%, topping estimates by 2.4%. GE Aerospace traded down 8.9% following the results while Dover was up 4%.
Read our full analysis of GE Aerospace’s results here and Dover’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 15% on average over the last month. Luxfer is up 10.1% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $13.13).
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