Refrigerant services company Hudson Technologies (NASDAQ:HDSN) will be reporting earnings this Wednesday afternoon. Here’s what to expect.
Hudson Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $44.41 million, up 28.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss 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 3.3% year on year, a reversal from the 15.2% decrease it recorded in the same quarter last year.
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. 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 Q1 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 4.4%, and Custom Truck One Source reported revenues up 9.3%, topping estimates by 1.1%. Richardson Electronics traded up 22.7% following the results while Custom Truck One Source was also up 2.6%.
Read our full analysis of Richardson Electronics’s results here and Custom Truck One Source’s results here.
There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 7.6% on average over the last month. Hudson Technologies is up 5.7% during the same time and is heading into earnings with an average analyst price target of $9 (compared to the current share price of $6.18).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.