L.B. Foster Stock (NASDAQ:FSTR), Trade Ideas

L.B. Foster

L.B. Foster Co is a us-based firm engaged in the manufacturing, fabrication, and distribution of products and services, especially for the rail, construction, energy, and utility industries. The company operates its business through three segments: Rail Technologies and Services; Precast Concrete Products and Steel Products and Measurement. Its principal business activity involves providing new and used rail, trackwork, and accessories, producing concrete railroad ties, insulated rail joints, power rail, track fasteners, cover boards, and sales of sells and rents steel sheet piling, H-bearing pile, and other piling products for foundation and earth retention requirements. It generates the majority of its revenues from the Rail Technologies and Services segment.

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L.B. Foster reported Q4 sales of $134.9M (+7.7% Y/Y), beating consensus of $129.4M. Rail segment&#39;s revenue fell 10.9%, while Infrastructure segment&#39;s revenue rose 10.3%. Gross margins expanded 200 bps. Adjusted EBITDA was $6.1M, down $1.4M Y/Y. EPS loss of $(0.04) missed consensus of $0.01. Operating cash flow was $22.1M, net debt was $52.7M. FY24 outlook: net sales $525M-$560M, adjusted EBITDA $34M-$39M, free cash flow $12M-$18M. 

L.B. Foster Shares Are Down Today: What&#39;s Going On?

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Why You Should Hold Onto Sherwin-Williams Stock For Now

L.B. Foster Acquires Operating Assets Of VanHooseCo Precast For $50.5M

L.B. Foster Co

Financial Guidance
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<table cellspacing="0" style="width:100%">
<tbody>
<tr>
<td style="vertical-align:top">2024 Full Year Financial Guidance</td>
<td colspan="3" style="text-align:center; vertical-align:bottom">Low</td>
<td colspan="3" style="text-align:center; vertical-align:bottom">High</td>
</tr>
<tr>
<td style="vertical-align:bottom; width:70%">Net sales</td>
<td style="text-align:right; vertical-align:bottom; width:1%">$</td>
<td style="text-align:right; vertical-align:bottom; width:11%">525,000</td>
<td style="text-align:right; vertical-align:bottom; width:1%">$</td>
<td style="text-align:right; vertical-align:bottom; width:11%">560,000</td>
</tr>
<tr>
<td style="vertical-align:bottom">Adjusted EBITDA</td>
<td style="text-align:right; vertical-align:bottom">$</td>
<td style="text-align:right; vertical-align:bottom">34,000</td>
<td style="text-align:right; vertical-align:bottom">$</td>
<td style="text-align:right; vertical-align:bottom">39,000</td>
</tr>
<tr>
<td style="vertical-align:bottom">Free cash flow</td>
<td style="text-align:right; vertical-align:bottom">$</td>
<td style="text-align:right; vertical-align:bottom">12,000</td>
<td style="text-align:right; vertical-align:bottom">$</td>
<td style="text-align:right; vertical-align:bottom">18,000</td>
</tr>
<tr>
<td style="vertical-align:bottom">Capital spending as a percent of sales</td>
<td style="text-align:right; vertical-align:bottom">2.0</td>
<td style="text-align:right; vertical-align:bottom">%</td>
<td style="text-align:right; vertical-align:bottom">2.5</td>
<td style="text-align:right; vertical-align:bottom">%</td>
</tr>
</tbody>
</table>

L.B. Foster Sees FY2024 Sales $525.000M-560.000M vs $548.89M Est

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $(0.03) by 1433.33 percent. This is a 300 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $124.320 million which beat the analyst consensus estimate of $114.513 million by 8.56 percent. This is a 7.65 percent increase over sales of $115.488 million the same period last year.

Earnings Beats

L.B. Foster Q1 2024 GAAP EPS $0.40 Beats $(0.03) Estimate, Sales $124.320M Beat $114.513M Estimate

B. Riley Securities analyst Alex Rygiel maintains L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) with a Neutral and raises the price target from $17 to $23.

Price Target

B. Riley Securities Maintains Neutral on L.B. Foster, Raises Price Target to $23

L.B. Foster Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) reported a fourth-quarter FY23 net sales decline of 1.7% to $134.9 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37479186/l-b-foster-exceeds-2023-guidance-delivers-strong-cash-flow-improves-leverage-and-returns-capital-t" rel="noreferrer noopener">beating the consensus of $129.4 million</a>.
Net sales increased 7.7% organically and decreased 9.4% due to divestitures.
Rail segment&#8217;s revenue fell 10.9% Y/Y to $69.3 million owing to the divestiture of the prestressed concrete railroad tie business. Infrastructure segment&#8217;s revenue rose 10.3% Y/Y to $65.6 million, led by both Precast Concrete Products and Steel Products business units.&nbsp;
The company&#8217;s new orders totaled $105.5 million in the quarter, down 23.4% Y/Y, while the backlog totaled $213.8 million (-21.5% Y/Y, partly due to divestitures and a discontinued product line).
Gross margins expanded 200 basis points Y/Y to 21.5% in the quarter. Adjusted EBITDA of $6.1 million, down $1.4 million Y/Y, due to higher variable incentive costs that will reset moving into 2024.&nbsp;
EPS loss of $(0.04) missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus for EPS of $0.01</a>.
Operating cash flow stood at $22.1 million in the quarter, and net debt stood at $52.7 million as of December 31, 2023.
Outlook: For FY24, L.B. Foster expects net sales of $525 million-$560 million vs. consensus of $572.12 million, adjusted EBITDA Of $34 million-$39 million, and free&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">cash flow of $12.0 million-$18.0 million</a>.
John Kasel, President and Chief Executive Officer, said, &#8220;We continue to monitor the operating environment for our UK business which remains challenging, but is showing signs of bottoming. We completed a restructuring program in the UK in the fourth quarter and also reserved the remaining $1.0 million receivable balance owed from a UK customer that filed for administrative protection.&#8221;&nbsp;
&#8220;Despite these isolated headwinds, we&#8217;re confident that our strategic transformation remains on track and is gaining momentum as reflected in our 2024 financial guidance and our 2025 goals of approximately $600 million in sales and $50 million in EBITDA.&#8221;
Price Action: FSTR shares are trading lower by 5.65% at $22.89 on the last check Tuesday.

L.B. Foster Shares Are Down Today: What's Going On?

L.B. Foster Company Reiterates FY25 Goals Of Approximately $600M In Sales, $50M In EBITDA

L.B. Foster Company Expects FY24 Net Sales Of $525M-$560M Vs. $572.12M Estimate; Sees Adjusted EBITDA Of $34M-$39M

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.01 by 500 percent. This is a 121.05 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $134.88 million which beat the analyst consensus estimate of $129.35 million by 4.27 percent. This is a 1.67 percent decrease over sales of $137.17 million the same period last year.

L.B. Foster Q4 EPS $(0.04) Misses $0.01 Estimate, Sales $134.88M Beat $129.35M Estimate

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&bull; Weyco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEYS#NASDAQ">WEYS</a>) is projected to report earnings for its fourth quarter.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 5, 2024

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-03-05. Here's what investors need to know before the announcement.
Analysts estimate that L.B. Foster will report an earnings per share (EPS) of $0.01. 
L.B. Foster bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.20, which was followed by a 1.94% drop in the share price the next day.
Here's a look at L.B. Foster's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.25</td>
<td>0.27</td>
<td>-0.15</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.05</td>
<td>0.32</td>
<td>-0.20</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>4.0%</td>
<td>1.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709564578_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of L.B. Foster were trading at $23.78 as of March 01. Over the last 52-week period, shares are up 84.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FSTR/earnings">To track all earnings releases for L.B. Foster visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For L.B. Foster

L.B. Foster Revises FY23 Revenue Guidance From $520M - $550M To $530M - $540M Vs. $541.04M Est

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.25 by 80 percent. This is a 125 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $145.34 million which beat the analyst consensus estimate of $140.81 million by 3.22 percent. This is a 11.79 percent increase over sales of $130.01 million the same period last year.

L.B. Foster Q3 EPS $0.05 Misses $0.25 Estimate, Sales $145.34M Beat $140.81M Estimate

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-11-07. Here's what investors need to know before the announcement.
Analysts estimate that L.B. Foster will report an earnings per share (EPS) of $0.25. 
L.B. Foster bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 3.64% increase in the share price the next day.
Here's a look at L.B. Foster's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.27</td>
<td>-0.15</td>
<td>0.03</td>
<td>0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>-0.20</td>
<td>0.19</td>
<td>-0.20</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.64%</td>
<td>1.31%</td>
<td>0.39%</td>
<td>1.85%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699293699_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of L.B. Foster were trading at $21.0 as of November 03. Over the last 52-week period, shares are up 88.31%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FSTR/earnings">To track all earnings releases for L.B. Foster visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

L.B. Foster Earnings Preview

L.B. Foster Co Says Total Costs Associated With Bridge Grid Deck Exit Are Now Expected To Range Between $4.5M To $4.8M

L.B. Foster Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>), a global technology solutions provider of products and services for the rail and infrastructure markets is pleased to announce that its North American strategic partnership with FUCHS Lubricants Co., the world's largest independent lubricant manufacturer, will be extended to additional rail markets in South America, Australia, and China. The partnership combines L.B. Foster's renowned expertise in the deployment of total friction management solutions for the global rail industry with FUCHS's manufacturing capabilities and world-class lubrication solutions for railway traffic.
L.B. Foster offers its rail customers trackside and on-board friction management solutions and pioneered Total Friction Management&#xAE; (TFM) solutions for the rail freight, passenger, and urban transit sectors. TFM is how L.B. Foster works with railroads around the world to deliver holistic, optimized friction management programs. FUCHS is a global company that develops, produces, and distributes more than 10,000 lubricants and related services with industry-specific solutions for demanding applications.
Together, L.B. Foster and FUCHS continue to push innovation in friction management lubricant products to drive considerable savings to its customers through rail and wheel wear reduction, increased operational efficiencies, and improved safety. This strategic partnership facilitates driving global production of the L.B. Foster and FUCHS co-branded greases in international growth regions as well as continuing to support the increasing demands in North America.
Commenting on the partnership, L.B. Foster President and CEO John Kasel said, "We are excited to work with FUCHS as our preferred partner for manufacturing our advanced friction management lubricants. The combination of our wheel/rail engineering expertise with FUCHS's lubricant manufacturing competencies brings best-in-class solutions designed to benefit the global rail industry."
Stefan Fuchs, Chairman &amp; CEO, FUCHS Group adds: "We are pleased to unveil the extension of this successful strategic partnership. It is clearly a win-win for the rail industry. Our colleagues at L.B. Foster Friction Management are experts in complementary fields. By acting together, we will deliver combined capabilities that place friction modification as a value-added essential on the railways. What cements this strategic partnership is our shared values of trust, respect, reliability and integrity, creating value through innovation and first-class service for customers in certain rail markets."

L.B. Foster And FUCHS Lubricants Co. Extend Strategic Partnership With Industry-Leading Friction Management Products For The Rail Market

B. Riley Securities analyst Alex Rygiel maintains L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) with a Neutral and raises the price target from $14 to $18.

B. Riley Securities Maintains Neutral on L.B. Foster, Raises Price Target to $18

2023 Financial&nbsp;Guidance
As a result of the improved profitability achieved in its year-to-date results, the Company is updating its 2023 financial&nbsp;guidance, with adjusted EBITDA now expected to range between&nbsp;$28 million&nbsp;to&nbsp;$32 million&nbsp;(up from&nbsp;$27 million&nbsp;to&nbsp;$31 million&nbsp;previously). With the strong order rates realized year to date and record backlog, net sales&nbsp;guidance&nbsp;for 2023 remains unchanged at between&nbsp;$520 million&nbsp;to&nbsp;$550 million&nbsp;despite the impact of divestitures

L.B. Foster Expects FY23 Sales Of $520M-$550M; Adjusted EBITDA of $28M-$32M (Prior View $27M-$31M)

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.27 by 18.52 percent. This is a 77.78 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $148.03 million which beat the analyst consensus estimate of $141.41 million by 4.68 percent. This is a 26.97 percent increase over sales of $116.58 million the same period last year.

L.B. Foster Q2 EPS $0.32 Beats $0.27 Estimate, Sales $148.03M Beat $141.41M Estimate

L.B. Foster (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-08-08. Here's what investors need to know before the announcement.
Analysts estimate that L.B. Foster will report an earnings per share (EPS) of $0.27. 
L.B. Foster bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.05, which was followed by a 1.31% increase in the share price the next day.
Here's a look at L.B. Foster's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.15</td>
<td>0.03</td>
<td>0.05</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.20</td>
<td>0.19</td>
<td>-0.20</td>
<td>0.18</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.31%</td>
<td>0.39%</td>
<td>1.85%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1691427666_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of L.B. Foster were trading at $14.6 as of August 04. Over the last 52-week period, shares are down 2.15%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/FSTR/earnings">To track all earnings releases for L.B. Foster visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: L.B. Foster

L.B. Foster Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSTR#NASDAQ">FSTR</a>), a global technology solutions provider of products and services for the rail and infrastructure markets (the &quot;Company&quot;), today announced that its CXT, Incorporated subsidiary has completed the sale of substantially all the operating assets of its prestressed concrete railroad tie business located in Spokane, WA to voestalpine Railway Systems Nortrak, LLC (&quot;Nortrak&quot;).&nbsp;&nbsp; The Company is retaining all pre-closing accounts receivable and liabilities associated with the business, while the asset sale to Nortrak includes all owned inventory associated with the line of business, as well as the related fixed assets. Total cash proceeds from the transaction are expected to be approximately&nbsp;$3 million, subject to customary working capital adjustments. Revenues from the divested business, which was part of the Company&#39;s Rail, Technologies, and Services segment, totaled approximately&nbsp;$9 million&nbsp;for the trailing-twelve-months ended June 30, 2023. 
&nbsp;
Impact to 2023 Financial&nbsp;Guidance
The completed transaction did not have a material impact on the Company&#39;s financial&nbsp;guidance&nbsp;for its fiscal year ending December 31, 2023. As previously reported, the Company expects net sales for 2023 to range between&nbsp;$520 million&nbsp;to&nbsp;$550 million, with adjusted EBITDA expected between&nbsp;$27 million&nbsp;and&nbsp;$31 million.

Asset Sales

L.B. Foster Company Announces Sale of Concrete Rail Tie Operations; Total Cash Proceeds From The Transaction Are Expected To Be ~$3M; Sees FY23 Net Sales $520M-$550M Vs $536.5M Est

The Sherwin-Williams Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shw#NYSE">SHW</a>) is benefiting from strong momentum in its Paint Stores Group segment, pricing and cost-management actions and expansion of operations amid a challenging demand environment. 
Shares of Sherwin-Williams have lost 13.5% over the past year against the 12.2% decline of its industry.
Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
<h3>Cost and Expansion Actions Aid SHW</h3>
Sherwin-Williams&#39; cost-control initiatives, working capital reductions, supply chain optimization and productivity improvement are expected to provide margin benefits. It is also implementing pricing actions to offset cost inflation, especially in raw materials. 
The company is focusing on cost reductions through restructuring, which is expected to provide benefits in 2023. It expects to realize approximately $50-$70 million in estimated annual savings, 75% of which are expected to be realized by the end of 2023. 
Moreover, the company remains committed toward expanding its retail operations. It is focused on capturing a larger share of its end-markets, as is evident from increasing number of retail stores. 
Sherwin-Williams is also seeing strength in North American professional architectural end markets. It is witnessing higher architectural sales volumes in the Paint Stores Group segment. Net sales from this segment climbed nearly 15% year over year in the first quarter of 2023 driven by a rise in sales volume in all end markets and higher selling prices. The momentum in this segment is likely to continue in the second quarter on higher architectural demand. 
The company also has a strong liquidity position and is using its cash strategically. Significant efforts to cut operating costs helped the company to generate strong net cash flows from operations of around $1.9 billion in 2022. The company returned around $1.5 billion to its shareholders through dividends and share buybacks in 2022. It also repurchased 1.3 million shares of its common stock during the most recent quarter.
<h3>Demand Softness Ails</h3>
The company sees a challenging demand environment in the second half of 2023. It is witnessing weak demand in new residential and the Consumer Brands Group DIY. Demand has softened in Europe due to the sluggish macroeconomic environment. Moreover, the lack of meaningful recovery in China following the lifting of pandemic-led restrictions is also affecting demand. 
On the industrial side of the business, SHW is seeing more pressure in North America while Europe and China are yet to fully recover. This is likely to exert pressure on its sales volumes. 
The slowdown of the U.S. housing market is also hurting Sherwin-Williams&#39; industrial wood business. Sales in this business fell by mid-single digits in first-quarter 2023, impacted by a slowdown in furniture, cabinetry and flooring related to the weakness in new residential. Revenues from this business are likely to remain under pressure in the second quarter.
<h3>Stocks to Consider</h3>
Better-ranked stocks worth considering in the basic materials space include L.B. Foster Company&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fstr#NASDAQ">FSTR</a>), Gold Fields Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>), and Linde plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lin#NYSE">LIN</a>). 
L.B. Foster currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for FSTR&#39;s current-year earnings has been stable over the past 60 days. 
L.B. Foster&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 140.5%, on average. FSTR has gained around 5% in a year. 
Gold Fields currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for GFI&#39;s current-year earnings has been revised 23.5% upward in the past 60 days. 
The consensus estimate for current-year earnings for GFI is currently pegged at $1.05, reflecting an expected year-over-year growth of 8.3%. Gold Fields&#39; shares have popped roughly 64% in the past year. 
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN&#39;s current-year earnings has been revised 4.4% upward in the past 60 days. 
Linde beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN&#39;s shares have gained roughly 8% in the past year.

L.B. Foster reports mixed Q4 results; initiates FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
L.B. Foster (NASDAQ:<a href="https://investorplace.com/stock-quotes/fstr-stock-quote/">FSTR</a>) just reported results for the fourth quarter of 2023.<ul><li>L.B. Foster reported earnings per share of -4 cents. This was below the analyst estimate for EPS of 1 cent.</li><li>The company reported revenue of $134.88 million.</li><li>This was 4.27% better than the analyst estimate for revenue of $129.35 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/fstr-stock-earnings-l-b-foster-for-q4-of-2023/">FSTR Stock Earnings: L.B. Foster Misses EPS, Beats Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FSTR Stock Earnings: L.B. Foster Misses EPS, Beats Revenue for Q4 2023

L.B. Foster Company (FSTR) Q4 2023 Earnings Call Transcript

Inflation doesn't seem to be moving higher, but its downward trajectory seems to have slowed to a crawl, around 3.2%, which is keeping interest rates higher than anticipated.

Tuesday Talk: Still Talk Of The Town - Inflation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With all the turbulence in the stock market at this time, it&rsquo;s imperative to consider the impact of analyst downgrades to minimize risk.



Following a momentous AI-powered rally in the past year or so, the market&rsquo;s taking a breather. Moreover, with inflation coming in hot this month again, expect the stock market to shed more of its gains in the near term. Hence, with all the uncertainty, investors must consider price target cuts from Wall-Street. With that said, here are three stocks with analyst downgrades you&rsquo;d want to steer clear of at this time.



<h2>Analyst Downgrades: GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div><ul><li>Previous Wall-Street Rating: &lsquo;Sell&rsquo;</li>



<li>Current Wall-Street Rating: &lsquo; Strong Sell&rsquo;</li>
</ul>GameStop&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/" target="_blank">GME</a>) is the original meme stock and continues exhibiting a downward trend. Its stock <a href="https://seekingalpha.com/symbol/GME/momentum/performance">tanked more than 50%</a> last year, with its top-line growth firmly in the red.&nbsp;



The company posted a small profit after three loss-making quarters, but the broader issues revolve around plummeting sales. Revenues were <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638024000011/gme-20240325.htm">down more than 20%</a> in the fourth-quarter (Q4) to $1.79 billion, significantly behind analyst estimates of $2.05 billion. Some may be celebrating higher operating earnings in Q4 at $55.2 million, but this was mostly linked to the steep drop in selling, general, and administrative expenses (SG&amp;A). It cut SG&amp;A expenses by a hefty $94 million during the quarter, driven primarily by letting off employees and limiting its marketing.



With the video game retailer&rsquo;s sales dropping across every segment for the past several years, it&rsquo;s evident that GME stock is going nowhere. Belt-tightening measures are unlikely to improve the company&rsquo;s overall business, which continues to dwindle each quarter.



<h2>Lumen Technologies (LUMN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/lumn-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for Lumen Technologies (LUMN)."><div>Source: Postmodern Studio / Shutterstock.com</div></div><ul><li>Previous Wall-Street Rating: &lsquo;Hold&rsquo;</li>



<li>Current Wall-Street Rating: &lsquo;Sell&rsquo;</li>
</ul>Lumen Technologies&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/lumn-stock-quote/">LUMN</a>) is a telecommunications business offering network services and cloud solutions, among other related offerings. Its stock took a hammering at the stock market last year, <a href="https://seekingalpha.com/symbol/LUMN/momentum/performance">losing over 43% of its value</a> on multiple headwinds. Revenues have been plummeting rapidly, while recent debt restructuring efforts have resulted in higher interest costs.



Wall-Street remains pessimistic over its long-term prospects, forecasting a substantial revenue slowdown for the next few years. A turnaround for its business hinges on its ability to reverse its negative revenue growth trend while managing its debt without further damaging its financial health.



Earnings in Q4 <a href="https://seekingalpha.com/filing/8346225?source=content_type%3Areact%7Csection%3Aearnings_summary%7Csection_asset%3Aearnings_history%7Cfirst_level_url%3Asymbol%7Cbutton%3Afiling-10-K">included sales of roughly $3.5 billion</a>, down substantially from $4.8 billion a year ago. Moreover, the firm lost close to $2 billion for the quarter while struggling with its massive debt load. Therefore, it&rsquo;s best to offload LUMN stock to minimize your downside risk.



<h2>L.B. Foster (FSTR)</h2>



<a href="https://investorplace.com/wp-content/uploads/2023/03/foundations-of-wealth-series-img-1-scaled.jpg"><img width="300" height="199" src="https://investorplace.com/wp-content/uploads/2023/03/foundations-of-wealth-series-img-1-300x199.jpg" alt="Image of the foundation and frame of a house"></a><ul><li>Previous Wall-Street Rating: &lsquo;Hold&rsquo;</li>



<li>Current Wall-Street Rating: &lsquo;Sell&rsquo;</li>
</ul>L.B. Foster&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fstr-stock-quote/">FSTR</a>) provides construction materials and related services for industrial and infrastructure projects.



Like other companies discussed in the article, it faces major challenges, including stagnating top-and-bottom-line growth and a hefty debt load.



Performances in some of its key segments, including Steel Products, have been lackluster due to strategic divestitures.



Its management is looking to turn things around, though, focusing on higher-margin, higher-growth areas, but these results have yet to be convincing. Moreover, its profitability metrics are firmly in the red and have been for a long time. For instance, the average net income margin over the past five years <a href="https://seekingalpha.com/symbol/FSTR/profitability">is at a negative 0.50%</a>. Similarly, its return on total assets over the same period is at a negative 0.86%. Additionally, analysts&rsquo; earnings estimates should have been included by a considerable margin in <a href="https://seekingalpha.com/symbol/FSTR/earnings">four out of the past six quarters</a>. Therefore, the company is up against multiple issues at this time, offering minimal upside ahead.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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April Price Target Cuts: 3 Stocks That Analysts Are Losing Faith In

L. B. Foster Company (FSTR) has issued an update. William F. Treacy, Jr., the Executive Vice President and Chief Growth Officer at L.B. Foster Comp...

L.B. Foster Executive VP Announces Retirement Plans

L.B. Foster GAAP EPS of $0.40 beats by $0.56, revenue of $124.3M beats by $13.96M

L.B. Foster Company 2024 Q1 - Results - Earnings Call Presentation

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L.B. Foster (NASDAQ:<a href="https://investorplace.com/stock-quotes/fstr-stock-quote/">FSTR</a>) just reported results for the first quarter of 2024.<ul><li>L.B. Foster reported earnings per share of 8 cents. This was above the analyst estimate for EPS of -2 cents.</li><li>The company reported revenue of $124.32 million.</li><li>This was 8.57% better than the analyst estimate for revenue of $114.51 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/fstr-stock-earnings-l-b-foster-for-q1-of-2024/">FSTR Stock Earnings: L.B. Foster Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FSTR Stock Earnings: L.B. Foster Beats EPS, Beats Revenue for Q1 2024

L.B. Foster Company (FSTR) Q1 2024 Earnings Call Transcript

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Management

Press Releases

L.B. Foster Company Announces the Expansion of its Board of Directors and Election of David J. Meyer

L.B. Foster Company to Nominate Alexander B. Jones from 22NW, LP to Stand for Election to the L.B. Foster Board of Directors at 2024 Annual Meeting of Shareholders

L.B. Foster Company Unveils New Brand Identity and Global Website

L.B. Foster Company to Report Fourth Quarter and Full Year 2023 Operating Results on March 5, 2024

L.B. Foster Exceeds 2023 Guidance; Delivers Strong Cash Flow, Improves Leverage, and Returns Capital to Shareholders; Establishes 2024 Guidance and Reiterates 2025 Goals Aligned with Strategic Transformation

L.B. Foster Company to Present Virtually at Sidoti Small Cap Conference on March 14, 2024

Events

Sidoti Events, LLC's Virtual March Small-Cap Conference

L.B. Foster Company to Report First Quarter 2024 Results on May 7, 2024 and to Present Virtually at Sidoti Micro-Cap Conference on May 8, 2024

Sales and Profitability Growth Drive Continuing Momentum in L.B. Foster First Quarter 2024 Results; Company Reaffirms 2024 Guidance