Refrigerant services company Hudson Technologies (NASDAQ:HDSN) will be reporting results tomorrow after market close. Here’s what to expect.
Hudson Technologies missed analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $61.94 million, down 19% year on year. It was a slower quarter for the company, with a decent beat of analysts’ EPS estimates.
Is Hudson Technologies a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hudson Technologies’s revenue to decline 15.4% year on year to $37.96 million, a further deceleration from the 5.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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. Hudson Technologies has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Hudson Technologies’s peers in the specialty equipment distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. United Rentals delivered year-on-year revenue growth of 9.8%, beating analysts’ expectations by 3.9%, and SiteOne reported revenues up 5%, topping estimates by 1.3%. United Rentals traded up 2% following the results while SiteOne was also up 5.9%.
Read our full analysis of United Rentals’s results here and SiteOne’s results here.
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