Metal coating and infrastructure solutions provider AZZ (NYSE: AZZ) will be reporting results tomorrow afternoon. Here’s what to look for.
AZZ beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $403.7 million, up 5.8% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates.
Is AZZ a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AZZ’s revenue to be flat year on year at $367.8 million, slowing from the 8.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AZZ has missed Wall Street’s revenue estimates three times over the last two years.
Looking at AZZ’s peers in the building products segment, only Insteel has reported results so far. It beat analysts’ revenue estimates by 7.2%, delivering year-on-year sales growth of 26.1%.
Read our full analysis of Insteel’s earnings results here.Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
