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On Tuesday, Chicago Bridge & Iron (NYSE:CBI) will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
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Chicago Bridge & Iron earnings will be near 48 cents per share on sales of $1.83 billion, according to analysts.
In the same quarter last year, Chicago Bridge & Iron posted a loss of 85 cents per share on sales of $2.54 billion. The analyst consensus estimate would represent a 43.53 percent decline in the company's EPS figure. Sales would be down 27.95 percent from the same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
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| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.5 | 0.86 | 0.94 | 1.45 |
| EPS Actual | 0.41 | -3.02 | 0.24 | 0.85 |
Stock Performance
Over the last 52-week period, shares of Chicago Bridge & Iron have declined 47.69 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating Chicago Bridge & Iron stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Chicago Bridge & Iron's Q4 conference call is scheduled to begin at 4:15 p.m. ET and can be accessed here: http://investors.cbi.com/presentations-and-webcasts/default.aspx
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.