Brady Reports Earnings Tomorrow: What to Expect

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Summary · why it matters

Brady, the identification solutions manufacturer, will announce earnings this Thursday morning. Last quarter, the company beat revenue expectations with $435.2 million, up 13.8% year on year, and also exceeded EPS estimates. For this quarter, analysts expect revenue growth of 7.7%, a slowdown from the 15.7% increase in the same quarter last year. Brady has missed Wall Street's revenue estimates multiple times over the past two years, though analysts have generally reconfirmed their estimates recently. Peers GEO Group and CoreCivic have already reported strong results, with GEO Group up 15.1% and CoreCivic up 27.3% in revenue. Brady's stock is down 5.8% over the past month, trading at $90.44, with an average analyst price target of $110.

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Brady Corporation
BRC
± MixedCapitalrelevance

Earnings report upcoming; past performance mixed, but analysts expect growth.

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