Stock Story -
Advanced materials manufacturer Rogers (NYSE:ROG) will be reporting earnings tomorrow afternoon. Here's what you need to know.
Rogers beat analysts' revenue expectations by 1.6% last quarter, reporting revenues of $213.4 million, down 12.5% year on year. It was a solid quarter for the company, with a miss of analysts' earnings estimates.
Is Rogers a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Rogers's revenue to decline 6.4% year on year to $216.2 million, improving from the 8.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.60 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. Rogers has missed Wall Street's revenue estimates four times over the last two years.
Looking at Rogers's peers in the electrical equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Vicor's revenues decreased 19.6% year on year, beating analysts' expectations by 5%, and Badger Meter reported revenues up 23.2%, topping estimates by 6.5%. Badger Meter traded up 3.7% following the results.
Read the full analysis of Vicor's and Badger Meter's results on StockStory.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 8.3% on average over the last month. Rogers is up 7.9% during the same time and is heading into earnings with an average analyst price target of $150 (compared to the current share price of $128.5).
![Earnings To Watch: Rogers (ROG) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/pic37833243be70654eef901e0b3e97978b.jpeg)