Nordson (NDSN) Reports Q4: Everything You Need To Know Ahead Of Earnings

Manufacturing company Nordson (NASDAQ:NDSN) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.

Nordson missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $751.8 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ organic revenue estimates and a slight miss of analysts’ revenue estimates.

This quarter, analysts are expecting Nordson’s revenue to grow 6.1% year on year to $652.8 million, a reversal from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.37 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. Nordson has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Nordson’s peers in the professional tools and equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Kennametal delivered year-on-year revenue growth of 9.8%, beating analysts’ expectations by 1%, and Fortive reported revenues up 4.6%, topping estimates by 2.7%. Kennametal traded up 7% following the results while Fortive was also up 10.8%.

There has been positive sentiment among investors in the professional tools and equipment segment, with share prices up 8.1% on average over the last month. Nordson is up 12.1% during the same time and is heading into earnings with an average analyst price target of $275.55 (compared to the current share price of $298.19).

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