SPX Technologies (SPXC) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - SPX Technologies (SPXC) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the consensus EPS estimate at $1.26, reflecting an 18.9% increase from the previous year [2][4]. Earnings Expectations - The earnings report is scheduled for August 1, 2024, and could influence the stock price positively if results exceed expectations, while a miss could lead to a decline [3]. - Revenues are projected to reach $490.93 million, marking a 16% increase from the same quarter last year [5]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.75% over the last 30 days, indicating a reassessment by analysts [6]. - The Most Accurate Estimate for SPX Technologies is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.59%, suggesting a likelihood of beating the consensus EPS estimate [12][13]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - SPX Technologies has a history of delivering earnings surprises, with a previous quarter's earnings of $1.25 per share exceeding expectations of $1.06, resulting in a surprise of +17.92% [19]. Industry Comparison - Another player in the industry, Parsons, is expected to report earnings of $0.66 per share, reflecting a year-over-year change of +4.8%, with revenues projected at $1.53 billion, up 12.8% from the previous year [22]. - Parsons has a Zacks Rank of 2 (Buy) but has a negative Earnings ESP of -0.97%, making it difficult to predict an earnings beat conclusively [16][23]. Conclusion - SPX Technologies is positioned as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance beyond earnings results [21].