John Bean (JBT) To Report Earnings Tomorrow: Here Is What To Expect

John Bean (JBT) To Report Earnings Tomorrow: Here Is What To Expect

Food processing and aviation equipment manufacturer John Bean (NYSE:JBT) will be announcing earnings results tomorrow after market hours. Here's what investors should know.

John Bean met analysts' revenue expectations last quarter, reporting revenues of $392.3 million, flat year on year. It was a slower quarter for the company, with a miss of analysts' organic revenue estimates.

Is John Bean a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting John Bean's revenue to grow 1.1% year on year to $432.6 million, slowing from the 8.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.25 per share.

John Bean Total Revenue

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.

Looking at John Bean's peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dover delivered year-on-year revenue growth of 3.7%, beating analysts' expectations by 1.4%, and Honeywell reported revenues up 4.7%, topping estimates by 1.7%. Dover traded up 5.1% following the results while Honeywell was down 5.1%.

Read our full analysis of Dover's results here and Honeywell's results here.

There has been positive sentiment among investors in the general industrial machinery segment, with share prices up 10.9% on average over the last month. John Bean is up 11.2% during the same time and is heading into earnings with an average analyst price target of $110.3 (compared to the current share price of $100.5).

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