Commercial lighting and retail display solutions provider LSI (NASDAQ: LYTS) will be announcing earnings results this Thursday before market open. Here’s what you need to know.
LSI beat analysts’ revenue expectations last quarter, reporting revenues of $150.5 million, up 13.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS and EBITDA estimates.
Is LSI 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 LSI’s revenue to grow 43% year on year, improving from the 20.2% 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. LSI has a history of exceeding Wall Street’s expectations.
Looking at LSI’s peers in the electrical systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atkore delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 4.7%, and Allegion reported revenues up 12.7%, topping estimates by 3.1%. Atkore traded up 28.2% following the results while Allegion was also up 9.6%.
Read our full analysis of Atkore’s results here and Allegion’s results here.
Investors in the electrical systems segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. LSI is up 3.9% during the same time and is heading into earnings with an average analyst price target of $30.33 (compared to the current share price of $24.11).
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