Manufacturing company Nordson (NASDAQ:NDSN) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Nordson beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $661.6 million, up 2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and full-year EPS guidance slightly topping analysts’ expectations.
Is Nordson a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Nordson’s revenue to grow 2.4% year on year to $736.8 million, slowing from the 5.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.59 per share.
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. Nordson has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Nordson’s peers in the professional tools and equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ESAB’s revenues decreased 1.1% year on year, beating analysts’ expectations by 8.9%, and Hillman reported a revenue decline of 1.4%, topping estimates by 1%. ESAB traded up 12.6% following the results while Hillman was also up 3.6%.
Read our full analysis of ESAB’s results here and Hillman’s results here.
Investors in the professional tools and equipment segment have had steady hands going into earnings, with share prices flat over the last month. Nordson is down 2.2% during the same time and is heading into earnings with an average analyst price target of $277.67 (compared to the current share price of $255.43).
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