Payment technology company Crane NXT (NYSE:CXT) will be reporting results this Wednesday afternoon. Here’s what investors should know.
Crane NXT beat analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $445.1 million, up 10.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ revenue estimates.
Is Crane NXT a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Crane NXT’s revenue to grow 13.3% year on year to $452.3 million, improving from the 11.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 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. Crane NXT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.5% on average.
Looking at Crane NXT’s peers in the tech hardware & electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Napco delivered year-on-year revenue growth of 12.2%, beating analysts’ expectations by 0.7%, and OSI Systems reported revenues up 10.5%, topping estimates by 2.4%. Napco traded up 18.6% following the results while OSI Systems was down 7.3%.
Read our full analysis of Napco’s results here and OSI Systems’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the tech hardware & electronics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.8% on average over the last month. Crane NXT is up 7.4% during the same time and is heading into earnings with an average analyst price target of $76.33 (compared to the current share price of $55.00).
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