Infrastructure consulting firm NV5 Global (NASDAQ:NVEE) will be reporting results tomorrow afternoon. Here’s what to expect.
NV5 Global beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $246.5 million, up 14.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ full-year EPS guidance estimates.
Is NV5 Global a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting NV5 Global’s revenue to grow 7.5% year on year to $228.6 million, slowing from the 15.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 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. NV5 Global has missed Wall Street’s revenue estimates five times over the last two years.
Looking at NV5 Global’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CoStar delivered year-on-year revenue growth of 11.5%, meeting analysts’ expectations, and Huron reported revenues up 11.2%, topping estimates by 0.8%.
Read our full analysis of CoStar’s results here and Huron’s results here.
Investors in the professional services segment have had fairly steady hands going into earnings, with share prices down 2% on average over the last month. NV5 Global is up 3.8% during the same time and is heading into earnings with an average analyst price target of $28.86 (compared to the current share price of $20).
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