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AZEK (AZEK) Q2 Earnings: What To Expect

AZEK Cover Image

Outdoor living products manufacturer AZEK Company (NYSE: AZEK) is expected to be announcing earnings results this Tuesday after market hours. Here’s what to expect.

AZEK beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $452.2 million, up 8.1% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.

Is AZEK a buy or sell going into earnings? Read our full analysis here, it’s free.

AZEK Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AZEK has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.3% on average.

Looking at AZEK’s peers in the building materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Armstrong World delivered year-on-year revenue growth of 16.3%, beating analysts’ expectations by 5.2%, and Resideo reported revenues up 22.3%, topping estimates by 6.1%. Armstrong World traded up 12.6% following the results while Resideo was also up 8.7%.

Read our full analysis of Armstrong World’s results here and Resideo’s results here.

There has been positive sentiment among investors in the building materials segment, with share prices up 5.8% on average over the last month. during the same time.

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