APi Group (APG) is expected to have steady growth amid macroeconomic uncertainty, RBC Capital Markets said in a Thursday note.
RBC analysts said they expect improving revenue growth for the year thanks to "strong backlog, improving demand environment, and abating headwinds from project selection."
The company is somewhat insulated from tariff-related impacts with around 54% of its revenue taken from inspection, service, and monitoring activities, they said. The company also has the ability to pass on tariff-related price increases, they noted.
The company's near-term growth can benefit from higher pricing, with limited offset by volume, the analysts said.
For Q1, they forecast revenue of $1.65 billion, in line with consensus, and EPS of $0.35, compared with the consensus of $0.36. They expect "positive inflection" in organic growth in Q2.
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