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Landscaping service company BrightView (NYSE:BV) will be reporting earnings tomorrow after the bell. Here’s what to expect.
BrightView met analysts’ revenue expectations last quarter, reporting revenues of $738.8 million, down 3.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ earnings estimates.
Is BrightView a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting BrightView’s revenue to decline 2.7% year on year to $723.4 million, a reversal from the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.
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. BrightView has missed Wall Street’s revenue estimates five times over the last two years.
Looking at BrightView’s peers in the environmental and facilities services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Rollins delivered year-on-year revenue growth of 9%, meeting analysts’ expectations, and Aris Water reported revenues up 12.5%, topping estimates by 8.6%. Rollins traded down 6.6% following the results while Aris Water was up 26.4%.
Read our full analysis of Rollins’s results here and Aris Water’s results here.
There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 6.3% on average over the last month. BrightView is up 14.3% during the same time and is heading into earnings with an average analyst price target of $16.66 (compared to the current share price of $18.73).
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