Railway infrastructure company L.B. Foster (NASDAQ:FSTR) will be reporting earnings this Monday before market open. Here's what to look for.
L.B. Foster beat analysts' revenue expectations last quarter, reporting revenues of $121.1 million, up 23.9% year on year. It was an exceptional quarter for the company, with a beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates.
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 decline 6.3% year on year, a reversal from the 2% 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. 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 Q2 results, giving us a hint as to what we can expect. Columbus McKinnon delivered year-on-year revenue growth of 125%, beating analysts' expectations by 5.9%, and GE Aerospace reported revenues up 24.5%, topping estimates by 6%. Columbus McKinnon traded up 31.1% following the results while GE Aerospace was down 3.2%.
Read our full analysis of Columbus McKinnon's results here and GE Aerospace's results here .
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 3% on average over the last month. L.B. Foster is down 1.9% during the same time and is heading into earnings with an average analyst price target of $40 (compared to the current share price of $41.75).
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