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

Azek

28/11/2023 22:54

* Azek Company Inc  AZEK.N  reported quarterly adjusted
earnings
of 36 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 16 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 29 cents
per share. Wall Street expected results to range from 24 cents
to 34 cents per share.
    * Revenue rose 27.6% to $388.81 million from a year ago;
analysts
expected $368.82 million. 
    * Azek Company Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $42.64
million.
    * Azek Company Inc shares had risen by 6.9% this quarter and
gained 56.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Azek
Company Inc
is $37.00 

This summary was machine generated from LSEG data November 28 at
10:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.29           0.36           Beat
 Jun. 30 2023      0.25           0.30           Beat
 Mar. 31 2023      0.13           0.18           Beat
 Dec. 31 2022      -0.10          -0.09          Beat