NN (NNBR) Reports Q4: Everything You Need To Know Ahead Of Earnings

StockStory
04 Mar
NN (NNBR) Reports Q4: Everything You Need To Know Ahead Of Earnings

Industrial components supplier NN (NASDAQ:NNBR) will be announcing earnings results tomorrow after the bell. Here’s what to look for.

NN missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $113.6 million, down 8.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

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

This quarter, analysts are expecting NN’s revenue to decline 3.5% year on year to $108.6 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.06 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. NN has missed Wall Street’s revenue estimates five times over the last two years.

Looking at NN’s peers in the engineered components and systems segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ESCO delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 2.8%, and Arrow Electronics reported a revenue decline of 7.2%, topping estimates by 3.2%. ESCO traded up 19.8% following the results while Arrow Electronics was down 6.9%.

Read our full analysis of ESCO’s results here and Arrow Electronics’s results here.

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10