Azek Company Inc reports results for the quarter ended September 30 - Earnings Summary

Azek

19/11/2024 22:01

* Azek Company Inc  AZEK.N  reported quarterly adjusted
earnings
of 29 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 36 cents.  The mean expectation of nineteen analysts for
the quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 23 cents to 29 cents per share.
    * Revenue fell 10.4% to $348.23 million from a year ago;
analysts
expected $339.00 million. 
    * Azek Company Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $28.36
million.
    * Azek Company Inc shares had fallen by 1.1% this
quarter and
gained 21.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 14 "strong buy" or "buy," 5
"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 $51.50 
This summary was machine generated from LSEG data November 19 at
10:01 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
 Sep. 30 2024      0.27           0.29           Beat
 Jun. 30 2024      0.36           0.42           Beat
 Mar. 31 2024      0.40           0.39           Missed
 Dec. 31 2023      0.05           0.10           Beat