What to expect from Janus’s (JBI) Q3 earnings

Self-storage and building solutions company Janus will be announcing earnings results this Tuesday morning. Here’s what to expect.

Janus missed analysts’ revenue expectations last quarter, reporting revenues of $233.5 million, up 2.4% year on year. It was a sluggish quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

Is Janus 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 Janus’s revenue to grow 7.6% year on year, a reversal from the 4.7% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Janus has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Janus’s peers in the commercial building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Apogee delivered year-on-year revenue growth of 9.2%, beating analysts’ expectations by 11.3%, and AZZ reported revenues up 16.7%, topping estimates by 5.1%. Apogee traded up 15.3% following the results while AZZ’s stock price was unchanged.

Read our full analysis of Apogee’s results here and AZZ’s results here.

Investors in the commercial building products segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Janus is up 11.4% during the same time and is heading into earnings with an average analyst price target of $7.42 (compared to the current share price of $4.65).

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