Manufacturing company Nordson (NASDAQ: NDSN) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.
Nordson beat analysts’ revenue expectations last quarter, reporting revenues of $740.8 million, up 8.5% year on year. It was a mixed quarter for the company, with full-year EPS guidance slightly topping analysts’ expectations but a significant miss of analysts’ organic revenue estimates.
Is Nordson 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 Nordson’s revenue to grow 5.2% year on year, slowing from the 12.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Nordson has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Nordson’s peers in the professional tools and equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kennametal delivered year-on-year revenue growth of 42.6%, beating analysts’ expectations by 1.3%, and Stanley Black & Decker reported flat revenue, in line with consensus estimates. Kennametal traded down 6.1% following the results while Stanley Black & Decker was up 1.4%.
Read our full analysis of Kennametal’s results here and Stanley Black & Decker’s results here.
There has been positive sentiment among investors in the professional tools and equipment segment, with share prices up 4.4% on average over the last month. Nordson is up 8.6% during the same time and is heading into earnings with an average analyst price target of $316.86 (compared to the current share price of $309.84).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
