Refrigerant services company Hudson Technologies (NASDAQ: HDSN) will be announcing earnings results tomorrow after the bell. Here’s what to look for.
Hudson Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $74.01 million, up 19.5% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Hudson Technologies 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 Hudson Technologies’s revenue to grow 10% year on year, a reversal from the 22.8% 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 to stay the course heading into earnings. Hudson Technologies has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hudson Technologies’s peers in the specialty equipment distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. SiteOne delivered year-on-year revenue growth of 3.2%, missing analysts’ expectations by 0.9%, and Alta reported revenues up 2.2%, topping estimates by 3.1%. SiteOne traded up 7% following the results while Alta was also up 6.7%.
Read our full analysis of SiteOne’s results here and Alta’s results here.
There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 3.6% on average over the last month. Hudson Technologies is down 2.7% during the same time and is heading into earnings with an average analyst price target of $9.63 (compared to the current share price of $7.18).
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