Tenaris, the steel pipe manufacturer, will report its second-quarter earnings before the market opens on Thursday. Analysts expect revenue to grow 18.4% year over year, a reversal from the 9.7% decline in the same quarter last year. The company beat revenue expectations last quarter with $253 million, up 28.4% year on year, and also exceeded EPS and EBITDA estimates. Over the past month, Tenaris shares have risen 13.4%, and the average analyst price target is $46, compared to the current share price of $43.45. Peers in the infrastructure segment, such as Genesis Energy and Expand Energy, have already reported strong results, with Genesis Energy seeing 41% revenue growth and Expand Energy a 10.6% decline, both beating expectations.
Tenaris SA ADRTenaris is the subject; analysts expect 18.4% YoY revenue growth and it beat estimates last quarter, with an average price target of $46 above the current $43.45.
Genesis Energy LP
Dalipal Holdings Ltd
Expand Energy Corporation