Aerospace and defense company Ducommun (NYSE:DCO) will be reporting earnings this Thursday morning. Here’s what to expect.
Ducommun beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $194.1 million, up 1.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.
Is Ducommun a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ducommun’s revenue to grow 1.3% year on year to $199.6 million, slowing from the 5.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.82 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. Ducommun has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Ducommun’s peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 8.6%, and Textron reported revenues up 5.4%, topping estimates by 2.4%. AAR traded up 13.4% following the results while Textron was down 8.9%.
Read our full analysis of AAR’s results here and Textron’s results here.
There has been positive sentiment among investors in the aerospace segment, with share prices up 2.1% on average over the last month. Ducommun is up 7.4% during the same time and is heading into earnings with an average analyst price target of $99.25 (compared to the current share price of $91.17).
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