Industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
Graham Corporation beat analysts’ revenue expectations last quarter, reporting revenues of $67.08 million, up 13% year on year. It was a very strong quarter for the company, with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is Graham Corporation 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 Graham Corporation’s revenue to grow 18.2% year on year, improving from the 11.1% 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 will stay the course heading into earnings. Graham Corporation has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Graham Corporation’s peers in the engineered components and systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Enpro delivered year-on-year revenue growth of 17.6%, beating analysts’ expectations by 4.7%, and Mayville Engineering reported revenues up 23.2%, topping estimates by 7.9%.
Read our full analysis of Enpro’s results here and Mayville Engineering’s results here.
Investors in the engineered components and systems segment have had steady hands going into earnings, with share prices flat over the last month. Graham Corporation is down 9.6% during the same time and is heading into earnings with an average analyst price target of $130.75 (compared to the current share price of $104.83).
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