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

Encore Wire

26/10/2022 24:05

* Encore Wire Corp  WIRE.OQ  reported quarterly adjusted
earnings
of $9.97​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was
for earnings of $6.81 per share.
    * Revenue rose 6.4% to $762.36 million from a year ago;
analysts
expected $693.13 million. 
    * Encore Wire Corp's reported EPS for the quarter was
$9.97​.
    * The mean earnings estimate of analysts had risen by
about 44.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Encore Wire Corp shares had risen by 17.0% this
quarter and
lost 5.5% so far this year.
    * The company reported quarterly net income of $191.77
million.
    * Wall Street's median 12-month price target for Encore Wire
Corp
is $195.50 
    * 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." 

This summary was machine generated from Refinitiv data October
25 at 11:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      6.81           9.97           Beat
 Jun. 30 2022      5.14           10.71          Beat
 Mar. 31 2022      2.94           7.96           Beat
 Dec. 31 2021      3.17           6.91           Beat