Encore Wire Corp expected to post earnings of $4.02 a share - Earnings Preview

Encore Wire

09/02/2024 21:56

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 13 for
the period ending December 31 2023
    * The Mckinney Texas-based  company is expected to report a
13.3% decrease in revenue to $601.483 million from $693.89
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 $4.02 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $240.00​, above​ its last closing price of $237.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  5.83        5.83       8.28      Beat    42.1
 ​​Sep.        6.82        6.81       9.97      Beat    46.3
 30 2022                                                
 Jun. 30 2022  5.15        5.14       10.71     Beat    108.3​
 Mar. 31 2022  2.94        2.94       7.96      Beat    170.7
 Dec. 31 2021  3.31        3.17       6.91      Beat    118
 This summary was machine generated February 9 at 21:56 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)