Industrial technology solutions provider EnPro Industries (NYSE: NPO) will be reporting results this Tuesday morning. Here’s what you need to know.
Enpro beat analysts’ revenue expectations last quarter, reporting revenues of $295.4 million, up 14.3% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.
Is Enpro 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 Enpro’s revenue to grow 11.2% year on year, improving from the 6.1% 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 to stay the course heading into earnings. Enpro has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Enpro’s peers in the engineered components and systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Worthington delivered year-on-year revenue growth of 24.4%, beating analysts’ expectations by 8.6%, and Applied Industrial reported revenues up 7.3%, topping estimates by 2.2%. Worthington traded down 4.6% following the results while Applied Industrial’s stock price was unchanged.
Read our full analysis of Worthington’s results here and Applied Industrial’s results here.
There has been positive sentiment among investors in the engineered components and systems segment, with share prices up 9.4% on average over the last month. Enpro is up 12.7% during the same time and is heading into earnings with an average analyst price target of $300 (compared to the current share price of $285.95).
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