Landscaping service company BrightView (NYSE:BV) will be announcing earnings results this Tuesday afternoon. Here’s what you need to know.
BrightView missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $702.8 million, down 3.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.
Is BrightView a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting BrightView’s revenue to decline 1.6% year on year to $589.6 million, improving from the 4.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BrightView has missed Wall Street’s revenue estimates five times over the last two years.
Looking at BrightView’s peers in the environmental and facilities services segment, only Waste Management has reported results so far. It missed analysts’ revenue estimates by 1.3%, delivering year-on-year sales growth of 7.1%. The stock was down 3.6% on the results.
Read our full analysis of Waste Management’s earnings results here.There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 5.1% on average over the last month. BrightView is up 2.9% during the same time and is heading into earnings with an average analyst price target of $16.17 (compared to the current share price of $13.37).
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