Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets.
These doubts have caused the industry to lag recently as services stocks have collectively shed 12.8% over the past six months. This drawdown was worse than the S&P 500’s 10% fall.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
While the broader market has struggled with the S&P 500 down 10.6% since October 2024, Mirion has surged ahead as its stock price has climbed by 8.2% to $13.70 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Looking back on specialized technology stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Crane NXT (NYSE:CXT) and its peers.
Radiation technology company Mirion (NYSE:MIR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 10.4% year on year to $254.3 million. Its non-GAAP profit of $0.17 per share was 15.1% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Teledyne (NYSE:TDY) and the best and worst performers in the inspection instruments industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the inspection instruments industry, including Itron (NASDAQ:ITRI) and its peers.
Let’s dig into the relative performance of Keysight (NYSE:KEYS) and its peers as we unravel the now-completed Q3 inspection instruments earnings season.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Mirion (NYSE:MIR) and the rest of the inspection instruments stocks fared in Q3.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Badger Meter (NYSE:BMI) and its peers.
Radiation technology company Mirion (NYSE:MIR) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 8.2% year on year to $206.8 million. Its GAAP loss of $0.07 per share was 40% below analysts’ consensus estimates.
