Environmental solutions provider CECO Environmental (NASDAQ: CECO) will be announcing earnings results this Tuesday before the bell. Here’s what to expect.
CECO Environmental beat analysts’ revenue expectations by 17% last quarter, reporting revenues of $176.7 million, up 39.9% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and full-year revenue guidance beating analysts’ expectations.
Is CECO Environmental a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting CECO Environmental’s revenue to grow 30.3% year on year to $179.2 million, improving from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 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. CECO Environmental has missed Wall Street’s revenue estimates three times over the last two years.
Looking at CECO Environmental’s peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UniFirst delivered year-on-year revenue growth of 1.2%, missing analysts’ expectations by 0.6%, and Cintas reported revenues up 8%, topping estimates by 1.6%. UniFirst traded down 8.1% following the results while Cintas was up 3.7%.
Read our full analysis of UniFirst’s results here and Cintas’s results here.
There has been positive sentiment among investors in the business services & supplies segment, with share prices up 2.6% on average over the last month. CECO Environmental is up 22.3% during the same time and is heading into earnings with an average analyst price target of $34.33 (compared to the current share price of $34.63).
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