Encore Wire Corp expected to post earnings of $3.71 a share - Earnings Preview

Encore Wire

19/04/2024 21:09

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a
fall
in quarterly revenue when it reports  results on April 23
(estimated) for the period ending March 31 2024
    * The Mckinney Texas-based  company is expected to report a
10.7% decrease in revenue to $589.846 million from $660.49
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Encore Wire Corp is for
earnings of $3.71 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 $290.00​, above​ its last closing price of $287.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  4.02        4.02       4.10      Beat    2
 Sep. 30 2023  4.65        4.66       4.82      Beat    3.4
 Jun. 30 2023  6.48        6.48       6.01      Missed  -7.3​
 Mar. 31 2023  5.76        5.76       6.50      Beat    12.9
 ​​Dec.        5.83        5.83       8.28      Beat    42.1
 31 2022                                                
 Sep. 30 2022  6.82        6.81       9.97      Beat    46.3​
 Jun. 30 2022  5.15        5.14       10.71     Beat    108.3
 Mar. 31 2022  2.94        2.94       7.96      Beat    170.7
 This summary was machine generated April 19 at 20:09 GMT.  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)