Encore Wire Corp expected to post earnings of $5.14 a share - Earnings Preview

Encore Wire

22/07/2022 23:14

* Encore Wire Corp  WIRE.OQ   WIRE.O  is expected to show a
fall
in quarterly revenue when it reports  results on July 25. 
    * The Mckinney Texas-based  company is expected to report  a
2.3% decrease in revenue to $727.075 million from $744.41
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 $5.14 per share. For the same quarter last year, the
company reported earnings of $8.82 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 $178.5​, above​ its last closing price of $109.33. ​​​

This summary was machine generated July 22 at 22:14 GMT.  All
figures in US dollars  unless otherwise stated