Gas handling company Chart (NYSE:GTLS) will be reporting results tomorrow before the bell. Here’s what to look for.
Chart missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $1.06 billion, up 18.3% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Chart a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Chart’s revenue to grow 15% year on year to $1.17 billion, slowing from the 130% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.15 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.
Looking at Chart’s peers in the gas and liquid handling segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Standex delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 0.5%, and Donaldson reported flat revenue, falling short of estimates by 4.2%. Standex traded down 2.2% following the results.
Read our full analysis of Standex’s results here and Donaldson’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the gas and liquid handling stocks have shown solid performance, the group has generally underperformed, with share prices down 5.3% on average over the last month. Chart is down 8.1% during the same time and is heading into earnings with an average analyst price target of $213.19 (compared to the current share price of $192).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。