AAON (AAON) Reports Q2: Everything You Need To Know Ahead Of Earnings

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Aug 10

Heating and cooling solutions company AAON $(AAON)$ will be reporting results this Monday before the bell. Here’s what you need to know.

AAON beat analysts’ revenue expectations by 10.9% last quarter, reporting revenues of $322.1 million, up 22.9% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is AAON a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting AAON’s revenue to grow 3.6% year on year to $325 million, slowing from the 10.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 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. AAON has missed Wall Street’s revenue estimates twice over the last two years.

Looking at AAON’s peers in the hvac and water systems segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Northwest Pipe delivered year-on-year revenue growth of 2.8%, beating analysts’ expectations by 10.1%, and Lennox reported revenues up 3.4%, topping estimates by 2.5%. Northwest Pipe’s stock price was unchanged after the resultswhile Lennox was up 7.2%.

Read our full analysis of Northwest Pipe’s results here and Lennox’s results here.

Investors in the hvac and water systems segment have had steady hands going into earnings, with share prices flat over the last month. AAON is up 4.5% during the same time and is heading into earnings with an average analyst price target of $103 (compared to the current share price of $80.32).

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