Identification solutions manufacturer Brady (NYSE: BRC) will be announcing earnings results this Thursday morning. Here’s what to look for.
Brady beat analysts’ revenue expectations last quarter, reporting revenues of $435.2 million, up 13.8% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ full-year EPS guidance estimates and a beat of analysts’ EPS estimates.
Is Brady 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 Brady’s revenue to grow 7.7% year on year, slowing from the 15.7% 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. Brady has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Brady’s peers in the safety & security services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GEO Group delivered year-on-year revenue growth of 15.1%, beating analysts’ expectations by 1.4%, and CoreCivic reported revenues up 27.3%, topping estimates by 10.9%. GEO Group traded down 2.3% following the results while CoreCivic was up 3.2%.
Read our full analysis of GEO Group’s results here and CoreCivic’s results here.
Investors in the safety & security services segment have had steady hands going into earnings, with share prices flat over the last month. Brady is down 5.8% during the same time and is heading into earnings with an average analyst price target of $110 (compared to the current share price of $90.44).
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.
