American Woodmark (AMWD) Reports Earnings Tomorrow: What To Expect

AMWD Cover Image

Cabinet manufacturing company American Woodmark (NASDAQ: AMWD) will be reporting earnings this Tuesday before the bell. Here’s what to expect.

American Woodmark missed analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $400.4 million, down 11.7% year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a miss of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting American Woodmark’s revenue to decline 8% year on year to $422.2 million, in line with the 7.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.14 per share.

American Woodmark 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. American Woodmark has missed Wall Street’s revenue estimates three times over the last two years.

Looking at American Woodmark’s peers in the home construction materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Masco’s revenues decreased 1.9% year on year, beating analysts’ expectations by 2.5%, and JELD-WEN reported a revenue decline of 16.5%, topping estimates by 1.7%. Masco traded up 4.7% following the results while JELD-WEN was also up 19.3%.

Read our full analysis of Masco’s results here and JELD-WEN’s results here.

There has been positive sentiment among investors in the home construction materials segment, with share prices up 4% on average over the last month. American Woodmark is up 18.3% during the same time and is heading into earnings with an average analyst price target of $70.33 (compared to the current share price of $65.58).

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