Rogers Earnings: What To Look For From ROG

Engineered materials manufacturer Rogers (NYSE:ROG) will be reporting earnings this Wednesday after the bell. Here’s what to look for.

Rogers beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $202.8 million, down 5.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS guidance for next quarter estimates and a significant miss of analysts’ EPS estimates.

Is Rogers a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Rogers’s revenue to decline 1.3% year on year to $207.5 million, improving from the 8.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rogers has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 2.1% on average.

Looking at Rogers’s peers in the electronic components & manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Amphenol delivered year-on-year revenue growth of 53.4%, beating analysts’ expectations by 10.9%, and Jabil reported revenues up 18.5%, topping estimates by 9.5%. Amphenol traded up 8.8% following the results while Jabil was down 4.2%.

Read our full analysis of Amphenol’s results here and Jabil’s results here.

Investors in the electronic components & manufacturing segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Rogers is up 7.7% during the same time and is heading into earnings with an average analyst price target of $85.67 (compared to the current share price of $86.45).

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