Encore Wire Corp expected to post earnings of $2.94 a share - Earnings Preview

Encore Wire

26/04/2022 23:57

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a
rise
in quarterly revenue when it reports  results on April 28. 
    * The Mckinney Texas-based  company is expected to report  a
27.8% increase in revenue to $567.623 million from $444.14
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 $2.94 per share. For the same quarter last year, the
company reported earnings of $1.99 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 $160​, above​ its last closing price of $104.77. ​​​

This summary was machine generated April 26 at 22:57 GMT.  All
figures in US dollars  unless otherwise stated