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Commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) will be reporting results tomorrow before the bell. Here’s what to look for.
LSI beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $138.1 million, up 11.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a narrow beat of analysts’ EBITDA estimates.
Is LSI a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting LSI’s revenue to grow 18.5% year on year to $129.2 million, a reversal from the 15.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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. LSI has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.7% on average.
Looking at LSI’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Acuity Brands delivered year-on-year revenue growth of 1.8%, meeting analysts’ expectations, and Teledyne reported revenues up 5.4%, topping estimates by 3.4%. Acuity Brands’s stock price was unchanged following the results.
Read our full analysis of Acuity Brands’s results here and Teledyne’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 5.3% on average over the last month. LSI is down 1.6% during the same time and is heading into earnings with an average analyst price target of $22.67 (compared to the current share price of $19.23).
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