Diebold Nixdorf Q1 Earnings Report Preview: Key Points to Watch

Diebold Nixdorf, a provider of banking and retail technology, is set to release its first-quarter earnings report tomorrow. The last quarter saw Diebold Nixdorf meeting revenue expectations, posting $988.9 million in revenues, a decrease of 4.6% from the previous year. However, the company fell short of analysts’ expectations for earnings per share, making it a challenging quarter for Diebold Nixdorf.

Heading into this quarter’s earnings report, analysts are predicting a 5.5% year-on-year decline in revenue to $845.8 million for Diebold Nixdorf. This marks a significant reversal from the 4.9% revenue increase seen in the same quarter last year. Adjusted earnings per share are expected to be $0.36.

In the past 30 days, analysts covering Diebold Nixdorf have largely maintained their estimates, indicating a sense of stability in the company’s performance leading up to the earnings announcement. It’s worth noting that Diebold Nixdorf has missed revenue estimates from Wall Street three times in the past two years.

Comparing Diebold Nixdorf to its peers in the IT services and other tech sector, some companies have already reported their Q1 results. Xerox reported a 3% decline in revenues year-on-year, in line with analysts’ expectations. Conversely, Grid Dynamics reported a 25.8% increase in revenues, surpassing estimates by 2%. Following their respective results, Xerox saw a 9.8% increase in stock price, while Grid Dynamics faced a 3.1% decline.

Investor sentiment in the IT services and other tech sector has been positive, with share prices rising by an average of 11.2% in the last month. Diebold Nixdorf experienced a 21.2% increase in share price during the same period and currently has an average analyst price target of $72.33, compared to its current price of $45.32.

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