Encore Wire Corp expected to post earnings of $4.66 a share - Earnings Preview

Encore Wire

20/10/2023 22:12

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a
fall
in quarterly revenue when it reports  results 
    * The Mckinney Texas-based  company is expected to report  a
16.8% decrease in revenue to $634.18 million from $762.36
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Encore Wire Corp is
for
earnings of $4.66 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​, above​ its last closing price of $173.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  6.82        6.81       9.97      Beat    46.3
 ​​Jun.        5.15        5.14       10.71     Beat    108.3
 30 2022                                                
 Mar. 31 2022  2.94        2.94       7.96      Beat    170.7​
 Dec. 31 2021  3.31        3.17       6.91      Beat    118
 Sep. 30 2021  2.92        2.92       8.51      Beat    191.9
 This summary was machine generated October 20 at 21:12 GMT.  All
figures in US dollars  unless otherwise stated