Industrial fluid and energy systems manufacturer Graham Corporation (NYSE: GHM) will be reporting results this Tuesday morning. Here’s what you need to know.
Graham Corporation beat analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $59.35 million, up 20.9% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Graham Corporation a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Graham Corporation’s revenue to grow 13.3% year on year to $56.59 million, improving from the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 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. Graham Corporation has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Graham Corporation’s peers in the engineered components and systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Arrow Electronics delivered year-on-year revenue growth of 10%, beating analysts’ expectations by 5.9%, and Worthington reported flat revenue, topping estimates by 5.6%. Arrow Electronics traded down 11.7% following the results while Worthington was up 1.8%.
Read our full analysis of Arrow Electronics’s results here and Worthington’s results here.
Investors in the engineered components and systems segment have had steady hands going into earnings, with share prices flat over the last month. Graham Corporation is up 2.9% during the same time and is heading into earnings with an average analyst price target of $59 (compared to the current share price of $54.22).
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