Encore Wire Corp reports results for the quarter ended in December - Earnings Summary

Encore Wire

13/02/2024 23:30

* Encore Wire Corp  WIRE.OQ  reported quarterly adjusted
earnings
of $4.10​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $8.28.  The mean expectation of three analysts for the
quarter was for earnings of $4.02 per share. Wall Street
expected results to range from $3.91  to $4.10 per share.
    * Revenue fell 8.7% to $633.78 million from a year ago;
analysts
expected $601.48 million. 
    * Encore Wire Corp's reported EPS for the quarter was
$4.10​.
    * The company reported quarterly net income of $66.12
million.
    * Encore Wire Corp shares had risen by 15.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Encore Wire Corp
is $240.00 
This summary was machine generated from LSEG data February 13 at
11:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.02           4.10           Beat
 Sep. 30 2023      4.66           4.82           Beat
 Jun. 30 2023      6.48           6.01           Missed
 Mar. 31 2023      5.76           6.50           Beat