Banking and retail technology provider Diebold Nixdorf (NYSE: DBD) will be announcing earnings results this Wednesday before the bell. Here’s what to expect.
Diebold Nixdorf beat analysts’ revenue expectations last quarter, reporting revenues of $888.2 million, up 5.6% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance in line with analysts’ estimates.
Is Diebold Nixdorf a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Diebold Nixdorf’s revenue to grow 2% year on year, a reversal from the 2.6% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Diebold Nixdorf has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Diebold Nixdorf’s peers in the it services & other tech segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Applied Digital delivered year-on-year revenue growth of 581%, beating analysts’ expectations by 148%, and IBM reported revenues up 1.1%, falling short of estimates by 1.5%. IBM’s stock price was unchanged following the results.
Read our full analysis of Applied Digital’s results here and IBM’s results here.
There has been positive sentiment among investors in the it services & other tech segment, with share prices up 3.2% on average over the last month. Diebold Nixdorf is up 8.7% during the same time and is heading into earnings with an average analyst price target of $98.33 (compared to the current share price of $90.75).
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