Ceiling and wall solutions company Armstrong World Industries (NYSE: AWI) will be reporting results this Tuesday morning. Here’s what to expect.
Armstrong World missed analysts’ revenue expectations last quarter, reporting revenues of $388.3 million, up 5.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a miss of analysts’ adjusted operating income estimates.
Is Armstrong World 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 Armstrong World’s revenue to grow 7.2% year on year, slowing from the 17.3% 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. Armstrong World rarely misses Wall Street’s revenue estimates.
Looking at Armstrong World’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 3%, and Carlisle reported a revenue decline of 4%, falling short of estimates by 1.1%. Valmont traded up 13.9% following the results while Carlisle’s stock price was unchanged.
Read our full analysis of Valmont’s results here and Carlisle’s results here.
There has been positive sentiment among investors in the building products segment, with share prices up 15% on average over the last month. Armstrong World is up 11.6% during the same time and is heading into earnings with an average analyst price target of $206.80 (compared to the current share price of $178.24).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
