Northwest PipeNASDAQ: NWPX

Northwest Pipe Company specialises in water-related infrastructure products. It faced headwinds in 2023 due to the small bidding market and interest rate environment. The ageing US water infrastructure is in need of repairs to meet the current demand. For the next 20 years, total state needs are forecast at $625 billion. NWPX's strategically located plants in states with higher water CAPEX and wide market reach position itself well to capitalise on this growing demand for water infrastructure.

Northwest Pipe Co. (NWPX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Northwest Pipe Company will be hosting its Q1 2024 Earnings Conference Call on May 2, 2024 at 10:00 AM ET. Presenters will include Scott Montross, President and CEO, and Aaron Wilkins, Chief Financial Officer. Call participants will include Brent Thielman, Julio Romero, Ted Jackson, and David Wright. The operator will begin the call by greeting all attendees.

While the revenue and EPS figures for Northwest Pipe Co. (NWPX) provide insight into its performance in the first quarter of 2024, it could be beneficial to evaluate how certain important metrics stack up against analyst expectations and the previous year's results.

Northwest Pipe's 2023 revenue, gross profit margin, and net income per diluted share fell given weaker demand and a smaller bidding year for the SPP segment. Management anticipates a stronger 2024 for the Precast segment and a larger bidding year for the SPP segment. I think the bidding years for the SPP segment could increase as lower energy prices could increase the number of water desalination plants and subsequent demand for water transmission systems.

While the top- and bottom-line numbers for Northwest Pipe Co. (NWPX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Northwest Pipe Co. (NWPX) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.85 per share a year ago.

Northwest Pipe Co. (NWPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Northwest Pipe Company faces near-term headwinds from a reduced backlog and order book, but 2024 could be an inflection year. The company's revenue growth has turned negative in 2023, but a meaningful improvement in the bidding market is expected in 2024. Margins have declined in Q3 2023, but the medium- to long-term outlook is favorable with improvements in the bidding market and cost reduction initiatives.