Stock Story -
Building systems company Limbach (NASDAQ:LMB) will be announcing earnings results tomorrow after market hours. Here's what you need to know.
Limbach missed analysts' revenue expectations by 2.7% last quarter, reporting revenues of $119 million, down 1.7% year on year. It was a solid quarter for the company, with an impressive beat of analysts' earnings estimates and optimistic EBITDA guidance for the full year.
Is Limbach a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Limbach's revenue to decline 1.8% year on year to $122.7 million, a reversal from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 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. Limbach has missed Wall Street's revenue estimates four times over the last two years.
Looking at Limbach's peers in the construction and maintenance services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tutor Perini delivered year-on-year revenue growth of 10.3%, missing analysts' expectations by 2%, and Granite Construction reported revenues up 20.5%, topping estimates by 7.3%. Tutor Perini traded down 26.7% following the results while Granite Construction was up 1.7%.
Read the full analysis of Tutor Perini's and Granite Construction's results on StockStory.
There has been positive sentiment among investors in the construction and maintenance services segment, with share prices up 2.8% on average over the last month. Limbach is down 3.4% during the same time and is heading into earnings with an average analyst price target of $58 (compared to the current share price of $55).
![Limbach (LMB) Q2 Earnings: What To Expect](https://d68-invdn-com.investing.com/content/pic95ed2e2d8e6f462e08b2645dc657826c.jpeg)