Financial News

Hudson Technologies (HDSN) To Report Earnings Tomorrow: Here Is What To Expect

HDSN Cover Image

Refrigerant services company Hudson Technologies (NASDAQ:HDSN) will be reporting results tomorrow after the bell. Here’s what you need to know.

Hudson Technologies missed analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $75.28 million, down 16.8% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations and a miss of analysts’ earnings estimates.

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

This quarter, analysts are expecting Hudson Technologies’s revenue to decline 13.6% year on year to $66.11 million, in line with the 14.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.

Hudson Technologies Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hudson Technologies has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Hudson Technologies’s peers in the specialty equipment distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 2.2%, beating analysts’ expectations by 8.7%, and Herc reported revenues up 6.3%, topping estimates by 3.6%. Richardson Electronics traded down 2.5% following the results while Herc was up 23.9%.

Read our full analysis of Richardson Electronics’s results here and Herc’s results here.

Investors in the specialty equipment distributors segment have had steady hands going into earnings, with share prices flat over the last month. Hudson Technologies is down 4.8% during the same time and is heading into earnings with an average analyst price target of $9.81 (compared to the current share price of $7.38).

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