Brady Sees 7.5% Q3 Revenue Gain, Forecasting 6.1% Q4 Growth
Brady posted Q3 revenue of $405.3 million, up 7.5% year-on-year and exceeding consensus by 2.6%, after topping EPS and revenue estimates last quarter. Analysts forecast Q4 revenue of $378.6 million (6.1% growth) and $1.09 EPS, while shares have climbed 13.5% over the past month toward a $101 average price target.
1. Q3 Performance Highlights
Brady reported Q3 revenue of $405.3 million, marking a 7.5% year-on-year increase and beating consensus by 2.6%. The company also surpassed analysts’ EPS estimates, continuing its recent trend of outperforming top-line and bottom-line forecasts.
2. Q4 Revenue and EPS Forecast
For Q4, analysts project $378.6 million in revenue, a 6.1% rise versus last year but slower than the 10.6% growth recorded in the same quarter of 2024. Adjusted earnings are expected at $1.09 per share, with estimates largely unchanged over the past month.
3. Peer Comparison
In the safety & security services segment, CoreCivic delivered 26% revenue growth and beat estimates by 6% before trading down 3.5%, while Motorola Solutions posted 12.3% revenue growth and beat by 1.1%, lifting its shares 7.7%. The group’s average share decline of 5.7% over the last month contrasts with Brady’s 13.5% gain.
4. Outlook and Valuation
Trade policy uncertainties and corporate tax discussions cloud the 2025 outlook, potentially weighing on customer spending and growth. Brady shares have risen 13.5% over the past month and carry an average analyst price target of $101, signaling moderate upside from current levels.