Mirion (MIR) Reports Earnings Tomorrow: What To Expect

StockStory
02-10
Mirion (MIR) Reports Earnings Tomorrow: What To Expect

Radiation technology company Mirion (NYSE:MIR) will be reporting earnings tomorrow after market close. Here’s what to expect.

Mirion beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $206.8 million, up 8.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.

Is Mirion a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Mirion’s revenue to grow 6.3% year on year to $245 million, in line with the 5.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.

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. Mirion has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.3% on average.

Looking at Mirion’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Teledyne delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 3.6%, and Badger Meter reported revenues up 12.5%, topping estimates by 2.3%. Teledyne traded up 7.2% following the results while Badger Meter was also up 3.4%.

Read our full analysis of Teledyne’s results here and Badger Meter’s results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 2.6% on average over the last month. Mirion is up 5.6% during the same time and is heading into earnings with an average analyst price target of $19.20 (compared to the current share price of $16.50).

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