Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ:FIP) will be reporting results this Thursday afternoon. Here’s what to look for.
FTAI Infrastructure missed analysts’ revenue expectations by 10.8% last quarter, reporting revenues of $96.16 million, up 16.5% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is FTAI Infrastructure a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting FTAI Infrastructure’s revenue to grow 59.8% year on year to $135.6 million, improving from the 3.7% 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 Q2 results, giving us a hint as to what we can expect. Ameresco delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 13%, and Quanta reported revenues up 21.1%, topping estimates by 3.5%. Ameresco traded up 48.6% following the results while Quanta was down 4%.
Read our full analysis of Ameresco’s results here and Quanta’s results here.
There has been positive sentiment among investors in the construction and engineering segment, with share prices up 2.1% on average over the last month. FTAI Infrastructure is up 13.4% 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 $7.20).
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