Water management company Northwest Pipe (NASDAQ: NWPX) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.
Northwest Pipe beat analysts’ revenue expectations last quarter, reporting revenues of $138.3 million, up 19.1% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.
Is Northwest Pipe 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 Northwest Pipe’s revenue to grow 16.2% year on year, improving from the 2.8% increase 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. Northwest Pipe rarely misses Wall Street’s revenue estimates.
Looking at Northwest Pipe’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Apogee’s revenues decreased 1.1% year on year, beating analysts’ expectations by 3.4%, and Simpson reported revenues up 6.3%, topping estimates by 1.9%.
Read our full analysis of Apogee’s results here and Simpson’s results here.
In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Northwest Pipe is down 14% during the same time and is heading into earnings with an average analyst price target of $109.33 (compared to the current share price of $128.48).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
