Encore Wire Corp expected to post earnings of $6.48 a share - Earnings Preview

Encore Wire

22/07/2023 24:37

* 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
11.9% decrease in revenue to $738.6 million from $838.24 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 $6.48 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 $255​, above​ its last closing price of $163.41. ​​​

This summary was machine generated July 21 at 23:37 GMT.  All
figures in US dollars  unless otherwise stated