Encore Wire Corp expected to post earnings of $2.92 a share - Earnings Preview

Encore Wire

22/10/2021 21:40

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a rise
in quarterly revenue when it reports results on October 26. 
* The Mckinney, Texas-based company is expected to report  a
72.9% increase in revenue to $587.34 million from $339.7 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 $2.92 per share. For the same quarter last year, the
company reported earnings of $1.02 per share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 2 "strong buy" or
"buy," no "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 $112.5​, about 2.8% above​ its last closing price
of $109.40. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  1.41        1.38       8.82      Beat    540.5
 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.          0.69​       0.70       0.60      Missed  -14.3​
 30​ 2020​                                              
 Mar. 31 2020  0.47        0.48       0.89      Beat    87.4​
 Dec. 31 2019  0.83        0.82       0.50      Missed  -38.8
 Sep. 30 2019  0.97        1.01       0.78      Missed  -22.8
 This summary was machine generated October 22 at 20:40 GMT.  All
figures in US dollars unless otherwise stated