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Expect a solid Q4 from DIRTT Environmental, says Industrial Alliance

DIRTT Environmental

DIRTT EnvironmentalWhen DIRTT Environmental (DIRTT Environmental Stock Quote, Chart, News: TSX:DRT) reports its Q4, 2015 results after market on Wednesday, Industrial Alliance Securities analyst Neil Lindsell expects a solid quarter will cap a solid year.

Lindsell says that because of the lumpy nature of DIRTT’s business, he likes to focus on trailing-twelve months results instead of a quarter-by-quarter assessment. That said, the analyst expects the company will deliver fourth quarter revenue of $62.2-million, in-line with the consensus of $62.8, and what would be a 7.3 per cent bump over last year’s fourth quarter topline.

Lindsell laid out what he anticipates from Wednesday’s news.

“We expect the quarterly/annual results to further strengthen the fundamentals of DIRTT’s impressive growth and our thesis,” he says. “We will be looking for further guidance on the progress towards a more diversified customer base (including potential awards in the healthcare segment), updates on the ConocoPhillips contract, and other initiatives that would stimulate growth going forward.”

In a research update to clients today, Lindsell maintained his “Strong Buy” rating and one-year target price of $9.00 on DIRTT Environmental, implying a return of 57.1 per cent at the time of publication.

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
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