Stock Story -
Energy and construction materials company MDU Resources (NYSE:MDU) will be announcing earnings results tomorrow before market open. Here's what you need to know.
MDU Resources missed analysts' revenue expectations by 8.4% last quarter, reporting revenues of $1.21 billion, down 15.1% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is MDU Resources a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting MDU Resources's revenue to decline 2.8% year on year to $1.06 billion, a reversal from the 8.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 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.
Looking at MDU Resources's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Ameresco delivered year-on-year revenue growth of 33.9%, beating analysts' expectations by 16.4%, and FTAI Infrastructure reported revenues up 3.7%, falling short of estimates by 9.5%. Ameresco traded up 6.7% following the results while FTAI Infrastructure was down 7.1%.
Read the full analysis of Ameresco's and FTAI Infrastructure's results on StockStory.
Investors in the construction and engineering segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. MDU Resources is up 3.7% during the same time and is heading into earnings with an average analyst price target of $26.3 (compared to the current share price of $25.44).
