Food processing and aviation equipment manufacturer John Bean (NYSE: JBT) will be reporting earnings tomorrow before the bell. Here’s what to look for.
John Bean missed analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $467.6 million, up 5.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates.
Is John Bean a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting John Bean’s revenue to grow 112% year on year to $832.4 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.84 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. John Bean has missed Wall Street’s revenue estimates six times over the last two years.
Looking at John Bean’s peers in the general industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Luxfer delivered year-on-year revenue growth of 8.5%, beating analysts’ expectations by 11.9%, and Honeywell reported revenues up 7.9%, topping estimates by 2.5%. Luxfer traded up 7.7% following the results while Honeywell was also up 5%.
Read our full analysis of Luxfer’s results here and Honeywell’s results here.
There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 13% on average over the last month. John Bean is up 6.2% during the same time and is heading into earnings with an average analyst price target of $135.17 (compared to the current share price of $107.16).
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 benefiting from the rise of AI, available to you FREE via this link.
