Self-storage and building solutions company Janus (NYSE:JBI) will be reporting results tomorrow before market open. Here’s what you need to know.
Janus missed analysts’ revenue expectations by 12% last quarter, reporting revenues of $248.4 million, down 8.2% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Janus a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Janus’s revenue to decline 11.4% year on year to $248.2 million, a reversal from the 6.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
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. Janus has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Janus’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AZZ delivered year-on-year revenue growth of 2.6%, meeting analysts’ expectations, and Insteel reported a revenue decline of 14.7%, falling short of estimates by 7.5%. AZZ traded down 5.2% following the results while Insteel was also down 7.4%.
Read our full analysis of AZZ’s results here and Insteel’s results here.
Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Janus’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $13.20 (compared to the current share price of $10.01).
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