Financial News
Distribution Solutions (DSGR) To Report Earnings Tomorrow: Here Is What To Expect
Industrial and safety product distributor Distribution Solutions (NASDAQ:DSGR) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Distribution Solutions met analysts’ revenue expectations last quarter, reporting revenues of $439.5 million, up 16.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ earnings estimates.
Is Distribution Solutions a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Distribution Solutions’s revenue to grow 5.4% year on year to $462.7 million, slowing from the 26.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 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. Distribution Solutions has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Distribution Solutions’s peers in the maintenance and repair distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 3.5%, meeting analysts’ expectations, and MSC Industrial reported a revenue decline of 8%, in line with consensus estimates. Fastenal traded up 9.6% following the results while MSC Industrial was down 2.6%.
Read our full analysis of Fastenal’s results here and MSC Industrial’s results here.
Investors in the maintenance and repair distributors segment have had steady hands going into earnings, with share prices flat over the last month. Distribution Solutions is up 3.9% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $39.57).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.