Alamo Group is set to drop its Q2 earnings this Monday, having already impressed last quarter by beating estimates on both earnings and profit. This time, investors expect a 4.4% revenue jump year-over-year — a modest uptick after last year’s flat performance. Analysts remain cautiously optimistic, though Alamo has a history of missing revenue targets. Meanwhile, peers Lindsay and AGCO posted weaker results, with Lindsay’s revenue down 5% and AGCO’s flat — both dragging their stocks lower. In a sluggish heavy machinery sector, Alamo’s shares are also under pressure, trading below the $209.80 average analyst price target.
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