What to expect from Diebold Nixdorf’s (DBD) Q3 earnings
Banking and retail technology provider Diebold Nixdorf (NYSE:DBD) will be announcing earnings results this Wednesday before market hours. Here’s what you need to know.
Diebold Nixdorf missed analysts’ revenue expectations last quarter, reporting revenues of $927.6 million, up 1.4% year on year. It was a slower quarter for the company, with full-year revenue guidance meeting analysts’ expectations and EPS in line with analysts’ estimates.
Is Diebold Nixdorf a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Diebold Nixdorf’s revenue to grow 3.6% year on year, improving from the 2% increase it recorded in the same quarter last year.
Diebold Nixdorf total revenue
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Diebold Nixdorf has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Diebold Nixdorf’s peers in the it services & other tech segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Applied Digital delivered year-on-year revenue growth of 322%, beating analysts’ expectations by 153%, and IBM reported revenues up 4.7%, topping estimates by 1.9%. Applied Digital’s stock price was unchanged after the resultsand IBM’s price followed a similar reaction.
Read our full analysis of Applied Digital’s results here and IBM’s results here.
There has been positive sentiment among investors in the it services & other tech segment, with share prices up 3.9% on average over the last month. Diebold Nixdorf is up 12% during the same time and is heading into earnings with an average analyst price target of $98.33 (compared to the current share price of $68.18).
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