Azek Company Inc expected to post earnings of 36 cents a share - Earnings Preview

Azek

06/08/2024 03:06

* Azek Company Inc  AZEK.N   AZEK.K  is expected to show a
rise in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Chicago Illinois-based  company is expected to report
a
2.3% increase in revenue to $396.377 million from $387.55
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$385.00 million and $400.00 million.
    * ​LSEG's mean analyst estimate for Azek Company Inc is for
earnings of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Azek
Company Inc
is $52.00​, above​ its last closing price of $41.02. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD385 million and USD110 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.41        0.40       0.39      Missed  -1.5
 Dec. 31 2024  0.05        0.05       0.10      Beat    96.3
 Sep. 30 2023  0.30        0.29       0.36      Beat    24.1​
 Jun. 30 2023  0.26        0.25       0.30      Beat    19.2
 ​​Mar.        0.14        0.13       0.18      Beat    39.1
 31 2023                                                
 Dec. 31 2022  -0.10       -0.10      -0.09     Beat    13.6​
 Sep. 30 2022  0.16        0.17       0.16      Missed  -5.8
 Jun. 30 2022  0.25        0.25       0.29      Beat    14.6
 This summary was machine generated August 6 at 02:06 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)