Industrial manufacturer Standex (NYSE:SXI) will be reporting results this Thursday afternoon. Here’s what to look for.
Standex beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $207.8 million, up 17.2% year on year. It was a satisfactory quarter for the company, with a narrow beat of analysts’ EPS estimates but a slight miss of analysts’ EBITDA estimates.
Is Standex a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Standex’s revenue to grow 19% year on year to $214.4 million, a reversal from the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.10 per share.
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. Standex has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Standex’s peers in the gas and liquid handling segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Gorman-Rupp delivered year-on-year revenue growth of 5.6%, beating analysts’ expectations by 2.5%, and Flowserve reported revenues up 2.7%, falling short of estimates by 3.1%. Gorman-Rupp traded up 9.9% following the results.
Read our full analysis of Gorman-Rupp’s results here and Flowserve’s results here.
There has been positive sentiment among investors in the gas and liquid handling segment, with share prices up 5.5% on average over the last month. Standex is up 5.6% during the same time and is heading into earnings with an average analyst price target of $197 (compared to the current share price of $165.29).
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