Gas handling company Chart (NYSE:GTLS) will be reporting results tomorrow before the bell. Here’s what to look for.
Chart missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $1.06 billion, up 18.3% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Chart a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Chart’s revenue to grow 15% year on year to $1.17 billion, slowing from the 130% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.15 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.
Looking at Chart’s peers in the gas and liquid handling segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Standex delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 0.5%, and Donaldson reported flat revenue, falling short of estimates by 4.2%. Standex traded down 2.2% following the results.
Read our full analysis of Standex’s results here and Donaldson’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The U.S. Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the gas and liquid handling stocks have shown solid performance, the group has generally underperformed, with share prices down 5.3% on average over the last month. Chart is down 8.1% during the same time and is heading into earnings with an average analyst price target of $213.19 (compared to the current share price of $192).
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