Energy and construction materials company MDU Resources (NYSE:MDU) will be announcing earnings results this Thursday before market hours. Here’s what investors should know.
MDU Resources missed analysts’ revenue expectations last quarter, reporting revenues of $606 million, down 10.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance missing analysts’ expectations.
Is MDU Resources 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 MDU Resources’s revenue to grow 12.9% year on year, improving from the 1.9% 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. MDU Resources has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MDU Resources’s peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 41.1%, beating analysts’ expectations by 12%, and Ameresco reported revenues up 9.1%, topping estimates by 11.9%. Quanta traded up 18.9% following the results while Ameresco was also up 23%.
Read our full analysis of Quanta’s results here and Ameresco’s results here.
Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. MDU Resources is down 1.2% during the same time and is heading into earnings with an average analyst price target of $23.50 (compared to the current share price of $20.13).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.