Encore Wire Corp expected to post earnings of $1.38 a share - Earnings Preview

Encore Wire

24/07/2021 24:11

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a rise
in quarterly revenue when it reports results on July 27. 
* The Mckinney, Texas-based company is expected to report   a
80.0% increase in revenue to $456.513 million from $253.63
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Encore Wire Corp is for
earnings of $1.38 per share. For the same quarter last year, the
company reported earnings of 60 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Encore Wire
Corp is $90.5​, about 23% above​ its last closing price
of $69.70. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.87        0.87       1.99      Beat    128.1
 Dec. 31 2020  0.69        0.68       1.17      Beat    70.9
 Sep. 30 2020  0.75        0.75       1.02      Beat    36.8​
 Jun. 30 2020  0.69        0.70       0.60      Missed  -14.3
 Mar.          0.47​       0.48       0.89      Beat    87.4​
 31​ 2020​                                              
 Dec. 31 2019  0.83        0.82       0.50      Missed  -38.8​
 Sep. 30 2019  0.97        1.01       0.78      Missed  -22.8
 Jun. 30 2019  0.88        0.87       0.85      Missed  -2.6
 This summary was machine generated July 23 at 23:11 GMT.  All
figures in US dollars unless otherwise stated