Engineered materials manufacturer Rogers (NYSE:ROG) will be announcing earnings results tomorrow after market hours. Here’s what to expect.
Rogers met analysts’ revenue expectations last quarter, reporting revenues of $192.2 million, down 6.1% year on year. It was a softer quarter for the company, with revenue guidance for next quarter missing analysts’ expectations.
This quarter, analysts are expecting Rogers’s revenue to decline 12.7% year on year to $186.3 million, in line with the 12.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 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 missed Wall Street’s revenue estimates five times over the last two years.
Looking at Rogers’s peers in the electronic components & manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Knowles’s revenues decreased 32.7% year on year, beating analysts’ expectations by 2.5%, and Amphenol reported revenues up 47.7%, topping estimates by 12.2%. Knowles traded up 2.6% following the results while Amphenol was also up 15.5%.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the electronic components & manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Rogers is down 15% during the same time and is heading into earnings with an average analyst price target of $88.33 (compared to the current share price of $57.41).
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