Yahoo Finance What To Expect From KBR's (KBR) Q2 Earnings
Government and sustainable technology solutions company KBR (NYSE:KBR) will be reporting results tomorrow before the bell. Here's what to look for.
KBR beat analysts' revenue expectations by 2.1% last quarter, reporting revenues of $1.82 billion, up 6.8% year on year. It was a strong quarter for the company, with a decent beat of analysts' earnings and backlog sales estimates.
Is KBR a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting KBR's revenue to grow 7% year on year to $1.88 billion, slowing from the 8.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 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. KBR has missed Wall Street's revenue estimates six times over the last two years.
Looking at KBR's peers in the aerospace and defense segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hexcel delivered year-on-year revenue growth of 10.1%, beating analysts' expectations by 3%, and AAR reported revenues up 18.7%, in line with consensus estimates. Hexcel traded down 7.5% following the results while AAR was also down 12.1%.
Read our full analysis of Hexcel's results here and AAR's results here.
There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 6.5% on average over the last month. KBR is up 6.1% during the same time and is heading into earnings with an average analyst price target of $77.5 (compared to the current share price of $68.38).
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