Specialized equipment manufacturer for infrastructure and vegetation management Alamo Group (NYSE: ALG) will be reporting results this Thursday afternoon. Here’s what investors should know.
Alamo beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $419.1 million, flat year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.
Is Alamo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Alamo’s revenue to grow 1.6% year on year to $407.6 million, a reversal from the 4.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.64 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. Alamo has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 1.2% on average.
Looking at Alamo’s peers in the heavy machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AGCO’s revenues decreased 4.7% year on year, missing analysts’ expectations by 0.5%, and Lindsay reported flat revenue, topping estimates by 1.6%. AGCO’s stock price was unchanged after the resultswhile Lindsay was down 4.9%.
Read our full analysis of AGCO’s results here and Lindsay’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the heavy machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Alamo is down 7.4% during the same time and is heading into earnings with an average analyst price target of $244.25 (compared to the current share price of $174.79).
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