Radiation safety company Mirion (NYSE:MIR) will be announcing earnings results this Thursday after market hours. Here’s what you need to know.
Mirion beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $202 million, up 4.9% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Mirion a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Mirion’s revenue to grow 4.4% year on year to $216.2 million, in line with the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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. Mirion has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average.
Looking at Mirion’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Amphenol delivered year-on-year revenue growth of 56.5%, beating analysts’ expectations by 11.9%, and Knowles reported a revenue decline of 28.7%, topping estimates by 4.4%. Amphenol traded up 2.6% following the results while Knowles was also up 9.3%.
Read our full analysis of Amphenol’s results here and Knowles’s results here.
Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Mirion is up 3.6% during the same time and is heading into earnings with an average analyst price target of $21.60 (compared to the current share price of $22.30).
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