Railway infrastructure company L.B. Foster (NASDAQ:FSTR) will announce earnings results before market hours. Last quarter, revenue missed expectations by 14.5%, at $97.79 million, down 21.3% year-on-year. Full-year EBITDA guidance exceeded analysts’ expectations, but missed estimates significantly. Analysts expect a 2.5% revenue growth to $144.3 million this quarter, with adjusted earnings at $0.52 per share. Peers in the general industrial machinery segment, like Luxfer and GE Aerospace, reported revenue growth. L.B. Foster’s stock is down 8.1% over the last month, with an average analyst price target of $29.
Investors anticipate L.B. Foster’s earnings report, with a history of missing revenue estimates. Luxfer and GE Aerospace, peers in the sector, have reported revenue growth. L.B. Foster’s stock price is down 8.1% over the last month, with an average analyst price target of $29.
Read more at StockStory Media Group: What To Look For From FSTR