Building systems company Limbach (NASDAQ:LMB) will be announcing earnings results this Tuesday after market hours. Here’s what you need to know.
Limbach beat analysts’ revenue expectations by 10% last quarter, reporting revenues of $133.1 million, up 11.9% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Limbach a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Limbach’s revenue to grow 18% year on year to $144.2 million, a reversal from the 2.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 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. Limbach has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Limbach’s peers in the construction and maintenance services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 10.6%, and APi reported revenues up 15.1%, topping estimates by 5.1%. Comfort Systems traded up 22.3% following the results while APi was also up 1.8%.
Read our full analysis of Comfort Systems’s results here and APi’s results here.
Investors in the construction and maintenance services segment have had steady hands going into earnings, with share prices flat over the last month. Limbach is down 10% during the same time and is heading into earnings with an average analyst price target of $141.50 (compared to the current share price of $133.46).
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