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

Azek

07/08/2024 23:31

* Azek Company Inc  AZEK.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 30 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 31 cents to 39 cents per share.
    * Revenue rose 12.1% to $434.37 million from a year ago;
analysts
expected $396.38 million. 
    * Azek Company Inc's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $50.11
million.
    * Azek Company Inc shares had fallen by 1.4% this
quarter and
gained 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Azek Company Inc
is $52.00 
This summary was machine generated from LSEG data August 7 at
10:30 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
 Jun. 30 2024      0.36           0.42           Beat
 Mar. 31 2024      0.40           0.39           Missed
 Dec. 31 2023      0.05           0.10           Beat
 Sep. 30 2023      0.29           0.36           Beat