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September 01, 2020 1:41pm
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Rogers (ROG) To Report Earnings Tomorrow: Here Is What To Expect

ROG Cover Image

Advanced materials manufacturer Rogers (NYSE:ROG) will be reporting earnings tomorrow after market close. Here’s what to expect.

Rogers met analysts’ revenue expectations last quarter, reporting revenues of $214.2 million, down 7.2% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings estimates and revenue guidance for next quarter missing analysts’ expectations.

Is Rogers a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Rogers’s revenue to decline 3.9% year on year to $220.1 million, improving from the 7.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.

Rogers 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. Rogers has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Rogers’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Acuity Brands reported revenues up 2.2%, in line with consensus estimates. Acuity Brands traded up 9% following the results.

Read our full analysis of Vicor’s results here and Acuity Brands’s results here.

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Rogers is down 4% during the same time and is heading into earnings with an average analyst price target of $146 (compared to the current share price of $100.63).

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