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What To Expect From Ducommun's (DCO) Q2 Earnings


Adam Hejl /
2024/08/07 3:17 am EDT

Aerospace and defense company Ducommun (NYSE:DCO) will be reporting earnings tomorrow before the bell. Here's what to look for.

Ducommun met analysts' revenue expectations last quarter, reporting revenues of $190.8 million, up 5.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Ducommun a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Ducommun's revenue to grow 4% year on year to $194.9 million, slowing from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

Ducommun Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ducommun has missed Wall Street's revenue estimates twice over the last two years.

Looking at Ducommun's peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Howmet delivered year-on-year revenue growth of 14.1%, beating analysts' expectations by 2.5%, and Astronics reported revenues up 13.6%, topping estimates by 3.7%. Howmet traded up 15.5% following the results while Astronics was down 7.7%.

Read our full analysis of Howmet's results here and Astronics's results here.

Investors in the aerospace segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Ducommun is up 2.2% during the same time and is heading into earnings with an average analyst price target of $67.2 (compared to the current share price of $58.98).

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