Infrastructure investment and operations firm FTAI Infrastructure (NASDAQ: FIP) will be reporting results this Thursday after market hours. Here’s what to look for.
FTAI Infrastructure missed analysts’ revenue expectations last quarter, reporting revenues of $186.8 million, up 52.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.
Is FTAI Infrastructure 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 FTAI Infrastructure’s revenue to grow 38.8% year on year, slowing from the 68.7% 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.
Looking at FTAI Infrastructure’s peers in the construction and engineering segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 57.4%, beating analysts’ expectations by 8.8%, and MYR Group reported revenues up 32.5%, topping estimates by 8.9%. Quanta traded up 2.3% following the results while MYR Group was also up 1.1%.
Read our full analysis of Quanta’s results here and MYR Group’s results here.
Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. FTAI Infrastructure’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $9.44 (compared to the current share price of $2.73).
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