Cash management services provider Brink's (NYSE:BCO) will be announcing earnings results this Wednesday before market hours. Here’s what to look for.
Brink's beat analysts’ revenue expectations last quarter, reporting revenues of $1.38 billion, up 9.1% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a decent beat of analysts’ revenue estimates.
Is Brink's 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 Brink’s revenue to grow 9.4% year on year, improving from its flat revenue in the same quarter last year.
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. Brink's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Brink’s peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MSA Safety delivered year-on-year revenue growth of 10%, beating analysts’ expectations by 2.7%, and CECO Environmental reported revenues up 16.5%, topping estimates by 4.1%. CECO Environmental traded up 11.6% following the results.
Read our full analysis of MSA Safety’s results here and CECO Environmental’s results here.
There has been positive sentiment among investors in the business services & supplies segment, with share prices up 8.7% on average over the last month. Brink's is up 1.5% during the same time and is heading into earnings with an average analyst price target of $154 (compared to the current share price of $105.16).
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