Richardson Electronics (RELL) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
08 Apr
Richardson Electronics (RELL) To Report Earnings Tomorrow: Here Is What To Expect

Electronics distributor Richardson Electronics (NASDAQ:RELL) will be reporting earnings tomorrow after market hours. Here’s what investors should know.

Richardson Electronics missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $49.49 million, up 12.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.

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

This quarter, analysts are expecting Richardson Electronics’s revenue to grow 8.6% year on year to $56.9 million, a reversal from the 25.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 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. Richardson Electronics has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Richardson Electronics’s peers in the industrial distributors segment, only MSC Industrial has reported results so far. It missed analysts’ revenue estimates by 0.8%, posting year-on-year sales declines of 4.7%. The stock was down 10.3% on the results.

Read our full analysis of MSC Industrial’s earnings results here.

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