AZZ (AZZ) Reports Q4: Everything You Need To Know Ahead Of Earnings

Metal coating and infrastructure solutions provider AZZ (NYSE:AZZ) will be reporting results this Wednesday after the bell. Here’s what you need to know.

AZZ missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $417.3 million, up 2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting AZZ’s revenue to grow 3.9% year on year to $419.5 million, slowing from the 5.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.49 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. AZZ has missed Wall Street’s revenue estimates four times over the last two years.

With AZZ being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for building products stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.5% on average over the last month. AZZ is up 7% during the same time and is heading into earnings with an average analyst price target of $126.11 (compared to the current share price of $111.08).

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