Data storage solutions provider Everpure (NYSE: P) will be reporting earnings this Wednesday after the bell. Here’s what you need to know.
Everpure beat analysts’ revenue expectations last quarter, reporting revenues of $1.06 billion, up 20.4% year on year. It was an exceptional quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ billings estimates.
Is Everpure 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 Everpure’s revenue to grow 28.9% year on year, improving from the 12.3% increase 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. Everpure has a history of exceeding Wall Street’s expectations.
Looking at Everpure’s peers in the hardware & infrastructure segment, some have already reported their Q1 results, giving us a hint as to what we can expect. IonQ delivered year-on-year revenue growth of 755%, beating analysts’ expectations by 30%, and Diebold Nixdorf reported revenues up 5.6%, topping estimates by 3.5%. IonQ traded down 9.3% following the results while Diebold Nixdorf was also down 6.1%.
Read our full analysis of IonQ’s results here and Diebold Nixdorf’s results here.
There has been positive sentiment among investors in the hardware & infrastructure segment, with share prices up 5.3% on average over the last month. Everpure is up 18.4% during the same time and is heading into earnings with an average analyst price target of $89.89 (compared to the current share price of $87.50).
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