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Chicago Bridge & Iron Q4 Earnings Preview

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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

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:

 

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

Posted-In: Earnings News Previews Trading Ideas

 

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