Azek Company Inc reports results for the quarter ended in December - Earnings Summary

Azek

06/02/2024 23:01

* Azek Company Inc  AZEK.N  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of
twenty analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from -1 cents to 12
cents per share.
    * Revenue rose 11.2% to $240.44 million from a year ago;
analysts
expected $233.01 million. 
    * Azek Company Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $25.72
million.
    * Azek Company Inc shares had risen by 3.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Azek
Company Inc
is $42.00 

This summary was machine generated from LSEG data February 6 at
11:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           0.10           Beat
 Sep. 30 2023      0.29           0.36           Beat
 Jun. 30 2023      0.25           0.30           Beat
 Mar. 31 2023      0.13           0.18           Beat