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

AMWD Cover Image

Cabinet manufacturing company American Woodmark (NASDAQ:AMWD) will be announcing earnings results tomorrow before market open. Here’s what to expect.

American Woodmark missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $459.1 million, down 7.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ earnings 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 3.3% year on year to $458.3 million, improving from the 15.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.37 per share.

American Woodmark Total Revenue

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

Looking at American Woodmark’s peers in the home construction materials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Trex’s revenues decreased 23.1% year on year, beating analysts’ expectations by 3.7%, and Hayward reported revenues up 3.3%, topping estimates by 2.1%. Trex traded up 6.3% following the results while Hayward was also up 12.3%.

Read our full analysis of Trex’s results here and Hayward’s results here.

There has been positive sentiment among investors in the home construction materials segment, with share prices up 7.4% on average over the last month. American Woodmark is up 1.5% during the same time and is heading into earnings with an average analyst price target of $110.50 (compared to the current share price of $97.51).

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