Financial News
CSW (CSWI) Reports Earnings Tomorrow: What To Expect
Industrial products company CSW (NASDAQ:CSWI) will be reporting results tomorrow before the bell. Here’s what you need to know.
CSW beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $226.2 million, up 11.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ earnings estimates and a decent beat of analysts’ EBITDA estimates.
Is CSW a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CSW’s revenue to grow 6.7% year on year to $217.4 million, in line with the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.13 per share.
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. CSW has missed Wall Street’s revenue estimates four times over the last two years.
Looking at CSW’s peers in the hvac and water systems segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lennox delivered year-on-year revenue growth of 9.6%, beating analysts’ expectations by 5.9%, and A. O. Smith reported a revenue decline of 3.7%, in line with consensus estimates. Lennox traded up 4.3% following the results while A. O. Smith was down 1.7%.
Read our full analysis of Lennox’s results here and A. O. Smith’s results here.
Investors in the hvac and water systems segment have had steady hands going into earnings, with share prices flat over the last month. CSW’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $335 (compared to the current share price of $368).
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