Financial News

Brady Earnings: What To Look For From BRC

BRC Cover Image

Identification solutions manufacturer Brady (NYSE: BRC) will be reporting results tomorrow before market hours. Here’s what to expect.

Brady missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $356.7 million, up 10.6% year on year. It was a softer quarter for the company, with a miss of analysts’ EPS estimates.

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

This quarter, analysts are expecting Brady’s revenue to grow 12.6% year on year to $386.6 million, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.

Brady Total Revenue

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. Brady has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Brady’s peers in the safety & security services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CoreCivic’s revenues decreased 2.4% year on year, beating analysts’ expectations by 2.5%, and MSA Safety reported revenues up 1.9%, topping estimates by 5%. CoreCivic traded down 2.6% following the results while MSA Safety was up 2.1%.

Read our full analysis of CoreCivic’s results here and MSA Safety’s results here.

There has been positive sentiment among investors in the safety & security services segment, with share prices up 14.7% on average over the last month. Brady is up 11% during the same time and is heading into earnings with an average analyst price target of $87 (compared to the current share price of $74.28).

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