Railway infrastructure company L.B. Foster (NASDAQ:FSTR) will be reporting results this Wednesday before the bell. Here’s what you need to know.
L.B. Foster beat analysts’ revenue expectations last quarter, reporting revenues of $138.6 million, down 3.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.
Is L.B. Foster 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 L.B. Foster’s revenue to grow 10.1% year on year, improving from its flat revenue 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. L.B. Foster has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at L.B. Foster’s peers in the general industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Albany delivered year-on-year revenue growth of 33.7%, beating analysts’ expectations by 7.2%, and Crane reported revenues up 28.1%, topping estimates by 2.5%. Albany traded up 4% following the results while Crane was also up 2.9%.
Read our full analysis of Albany’s results here and Crane’s results here.
Investors in the general industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. L.B. Foster’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $44 (compared to the current share price of $37.28).
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