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Earnings to watch: Hudson Technologies (HDSN) reports Q3 results tomorrow

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HDSN Cover Image

Refrigerant services company Hudson Technologies (NASDAQ: HDSN) will be reporting earnings this Wednesday after market close. Here’s what you need to know.

Hudson Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $78.35 million, up 7.5% year on year. It was a mixed quarter for the company, with a significant miss of analysts’ EPS estimates.

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

This quarter, the market is expecting Hudson Technologies’s revenue to grow 5.3% year on year, slowing from the 19.5% increase it recorded in the same quarter last year.

Hudson Technologies total revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hudson Technologies has missed Wall Street’s revenue estimates multiple 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 18.9%, beating analysts’ expectations by 10.1%, and United Rentals reported revenues up 15.7%, topping estimates by 4.4%. Richardson Electronics’s stock price was unchanged after the resultswhile United Rentals was up 3.9%.

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

In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the specialty equipment distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Hudson Technologies is up 2.5% during the same time and is heading into earnings with an average analyst price target of $7.31 (compared to the current share price of $5.23).

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