Diebold Nixdorf (DBD) is poised to report a positive free cash flow for a fourth straight quarter, unlike previous years, Wedbush Securities said in a Q3 earnings preview Tuesday.
The brokerage said it believes that the free cash flow will be one of the main points to be discussed during the earnings call following the release of company's results on Nov. 5.
Wedbush said that ahead of earnings, it changed its estimates for the company considering the expected seasonality in Q3 and Q4 and management's segment margin guidance in the near term.
The firm said it now expects Q3 earnings per share of $0.66 on revenue of $929.5 million for Diebold Nixdorf, compared with the prior forecast of EPS of $0.78 on revenue of $959.1 million.
For the company's Q4, the firm said it now expects EPS of $1.47 on revenue of $1.14 billion, compared with its previous forecast of EPS of $1.38 on revenue of $1.11 billion.
Wedbush maintained the company's outperform rating and $70 price target.
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