Stock Story -
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) will be reporting results tomorrow afternoon. Here's what to expect.
Astronics beat analysts' revenue expectations by 6.8% last quarter, reporting revenues of $185.1 million, up 18.2% year on year. It was a mixed quarter for the company, with a miss of analysts' earnings estimates.
Is Astronics a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Astronics's revenue to grow 9.5% year on year to $191 million, slowing from the 35.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 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. Astronics has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.3% on average.
Looking at Astronics's peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Woodward delivered year-on-year revenue growth of 5.9%, meeting analysts' expectations, and Howmet reported revenues up 14.1%, topping estimates by 2.5%. Woodward traded down 17.2% following the results.
Read the full analysis of Woodward's and Howmet's results on StockStory.
There has been positive sentiment among investors in the aerospace segment, with share prices up 9.4% on average over the last month. Astronics is up 9.2% during the same time and is heading into earnings with an average analyst price target of $23 (compared to the current share price of $22.23).
![Earnings To Watch: Astronics (ATRO) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/pic3860f3db1cc407da44141870126cd29a.jpeg)