Energy and construction materials company MDU Resources (NYSE:MDU) will be announcing earnings results tomorrow before market open. Here’s what to expect.
MDU Resources beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $1.05 billion, up 5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates.
Is MDU Resources a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting MDU Resources’s revenue to decline 30.4% year on year to $790.6 million, a further deceleration from the 14.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 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. MDU Resources has missed Wall Street’s revenue estimates six times over the last two years.
Looking at MDU Resources’s peers in the construction and engineering segment, only AECOM has reported results so far. It missed analysts’ revenue estimates by 2.3%, delivering year-on-year sales growth of 2.9%. The stock price was unchanged following the results.
Read our full analysis of AECOM’s earnings results here.Investors in the construction and engineering segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. MDU Resources is down 2.8% during the same time and is heading into earnings with an average analyst price target of $20 (compared to the current share price of $17.51).
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