LSI (LYTS) Q1 Earnings Report Preview: What To Look For

Commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) will be reporting earnings tomorrow morning. Here’s what to look for.

LSI beat analysts’ revenue expectations by 14.3% last quarter, reporting revenues of $147.7 million, up 35.5% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting LSI’s revenue to grow 19.9% year on year to $129.7 million, a reversal from the 7.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.LSI 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. LSI has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.4% on average.

Looking at LSI’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Vertiv delivered year-on-year revenue growth of 24.2%, beating analysts’ expectations by 5.2%, and Acuity Brands reported revenues up 11.1%, falling short of estimates by 2.2%. Acuity Brands traded down 12.3% following the results.

Read our full analysis of Vertiv’s results here and Acuity Brands’s results here.

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