Industrial components supplier NN (NASDAQ:NNBR) will be announcing earnings results tomorrow after the bell. Here’s what to look for.
NN missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $113.6 million, down 8.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
Is NN a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting NN’s revenue to decline 3.5% year on year to $108.6 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.06 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. NN has missed Wall Street’s revenue estimates five times over the last two years.
Looking at NN’s peers in the engineered components and systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ESCO delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 2.8%, and Arrow Electronics reported a revenue decline of 7.2%, topping estimates by 3.2%. ESCO traded up 19.8% following the results while Arrow Electronics was down 6.9%.
Read our full analysis of ESCO’s results here and Arrow Electronics’s results here.
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。