Aerospace and defense company Cadre (NYSE:CDRE) will be reporting results tomorrow after market hours. Here’s what to look for.
Cadre missed analysts’ revenue expectations by 15.3% last quarter, reporting revenues of $109.4 million, down 12.6% year on year. It was a softer quarter for the company, with a miss of analysts’ Products revenue estimates and a significant miss of analysts’ adjusted operating income estimates.
Is Cadre a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Cadre’s revenue to grow 37.9% year on year to $171.7 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.51 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. Cadre has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Cadre’s peers in the aerospace and defense segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 78.9%, meeting analysts’ expectations, and Axon reported revenues up 33.6%, topping estimates by 1.5%. Byrna traded up 24.6% following the results while Axon was also up 14.7%.
Read our full analysis of Byrna’s results here and Axon’s results here.
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