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

Encore Wire

24/10/2023 23:54

* Encore Wire Corp  WIRE.OQ  reported quarterly adjusted
earnings
of $4.82​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was
for earnings of $4.66 per share.
    * Revenue fell 16.4% to $636.99 million from a year ago;
analysts
expected $634.18 million. 
    * Encore Wire Corp's reported EPS for the quarter was
$4.82​.
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 fallen by 6.7% this
quarter and
gained 23.7% so far this year.
    * The company reported quarterly net income of $82.05
million.
    * Wall Street's median 12-month price target for Encore Wire
Corp
is $240.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 10:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      4.66           4.82           Beat
 Jun. 30 2023      6.48           6.01           Missed
 Mar. 31 2023      5.76           6.50           Beat
 Dec. 31 2022      5.83           8.28           Beat