Manufacturing company Nordson (NASDAQ: NDSN) will be reporting earnings this Wednesday after the bell. Here’s what you need to know.
Nordson beat analysts’ revenue expectations last quarter, reporting revenues of $669.5 million, up 8.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ organic revenue estimates.
Is Nordson 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 Nordson’s revenue to grow 6.6% year on year, improving from the 5% increase it recorded in the same quarter last year.
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. Nordson has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Nordson’s peers in the professional tools and equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kennametal delivered year-on-year revenue growth of 21.8%, beating analysts’ expectations by 4.8%, and Stanley Black & Decker reported revenues up 2.7%, topping estimates by 2.7%. Kennametal traded up 11.2% following the results while Stanley Black & Decker’s stock price was unchanged.
Read our full analysis of Kennametal’s results here and Stanley Black & Decker’s results here.
Investors in the professional tools and equipment segment have had fairly steady hands going into earnings, with share prices down 1.6% on average 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 $310.50 (compared to the current share price of $276.75).
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