Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ:FIP) will be announcing earnings results this Thursday afternoon. Here’s what investors should know.
FTAI Infrastructure missed analysts’ revenue expectations last quarter, reporting revenues of $143.5 million, up 77.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue and adjusted operating income estimates.
Is FTAI Infrastructure 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 FTAI Infrastructure’s revenue to grow 89.7% year on year, improving from the 16.5% increase it recorded in the same quarter last year.
The majority of analysts covering the company have 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 26.3%, beating analysts’ expectations by 11.5%, and Ameresco reported revenues up 13.8%, topping estimates by 9.4%. Quanta traded up 18.1% following the results while Ameresco was down 2.1%.
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 9.9% on average over the last month. FTAI Infrastructure is up 9.2% during the same time and is heading into earnings with an average analyst price target of $11.67 (compared to the current share price of $5.60).
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