We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LMB surpassed the Zacks Consensus Estimate in the second quarter of 2024 by 35.1%. It has delivered an average earnings surprise of 67.9% across the past four quarters.
The Zacks Consensus Estimate for revenues is pegged at $135 million, suggesting a 5.7% increase from the year-ago quarter’s actual. The top line is expected to have gained from the owner-direct relationships segment (ODR), which has generated more than 60% of the total revenues in the second quarter of 2024.
We expect the ODR revenues to have increased in the third quarter of 2024 due to the rise in backlog on the back of the company’s continued focus on accelerating growth of LMB’s high-margin ODR business.
General contractor relationships revenues are anticipated to have declined as the company shifts its strategy from new construction to building owners to provide solutions that create value for owners and generate higher margins.
The consensus estimate for the bottom line is pegged at 57 cents per share, indicating a decrease of 6.6% from the year-ago quarter’s actual.
What Our Model Says About Limbach
Our proven model does not conclusively predict an earnings beat for LMB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Limbach has an Earnings ESP of 0.00% and flaunts a Zacks Rank of 1 at present.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season:
BlackSky Technology (BKSY - Free Report) : The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $26.9 million, indicating growth of 26.7% from the year-ago quarter’s actual. The consensus mark for loss is pegged at 61 cents per share compared with the year-ago quarter’s loss of 96 cents. BKSY surpassed the consensus estimate in two of the past four quarters, met in one instance and missed once, with an average beat of 10.1%.
BKSY has an Earnings ESP of +29.21% and a Zacks Rank of 2 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 7.
Corpay, Inc. (CPAY - Free Report) : The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $1 billion, indicating an increase of 5.8% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at $5 per share, suggesting a 10.9% increase from the year-ago quarter’s reported number. CPAY beat the consensus estimate in two of the past four quarters, met in one instance and missed once, with an average beat of 0.2%.
CPAY has an Earnings ESP of +0.14% and a Zacks Rank of 3 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 7.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Limbach Set to Report Q3 Earnings: Here's What You Should Know
Limbach Holdings, Inc. (LMB - Free Report) is scheduled to release its third-quarter 2024 results on Nov. 5, after market close.
See Zacks Earnings Calendar to stay ahead of market-making news.
LMB surpassed the Zacks Consensus Estimate in the second quarter of 2024 by 35.1%. It has delivered an average earnings surprise of 67.9% across the past four quarters.
Limbach Holdings, Inc. Price and EPS Surprise
Limbach Holdings, Inc. price-eps-surprise | Limbach Holdings, Inc. Quote
LMB’s Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $135 million, suggesting a 5.7% increase from the year-ago quarter’s actual. The top line is expected to have gained from the owner-direct relationships segment (ODR), which has generated more than 60% of the total revenues in the second quarter of 2024.
We expect the ODR revenues to have increased in the third quarter of 2024 due to the rise in backlog on the back of the company’s continued focus on accelerating growth of LMB’s high-margin ODR business.
General contractor relationships revenues are anticipated to have declined as the company shifts its strategy from new construction to building owners to provide solutions that create value for owners and generate higher margins.
The consensus estimate for the bottom line is pegged at 57 cents per share, indicating a decrease of 6.6% from the year-ago quarter’s actual.
What Our Model Says About Limbach
Our proven model does not conclusively predict an earnings beat for LMB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Limbach has an Earnings ESP of 0.00% and flaunts a Zacks Rank of 1 at present.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season:
BlackSky Technology (BKSY - Free Report) : The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $26.9 million, indicating growth of 26.7% from the year-ago quarter’s actual. The consensus mark for loss is pegged at 61 cents per share compared with the year-ago quarter’s loss of 96 cents. BKSY surpassed the consensus estimate in two of the past four quarters, met in one instance and missed once, with an average beat of 10.1%.
BKSY has an Earnings ESP of +29.21% and a Zacks Rank of 2 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 7.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Corpay, Inc. (CPAY - Free Report) : The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $1 billion, indicating an increase of 5.8% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at $5 per share, suggesting a 10.9% increase from the year-ago quarter’s reported number. CPAY beat the consensus estimate in two of the past four quarters, met in one instance and missed once, with an average beat of 0.2%.
CPAY has an Earnings ESP of +0.14% and a Zacks Rank of 3 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 7.