Insteel Industries Inc expected to post earnings of $1.26 a share - Earnings Preview

Insteel Industries

19/04/2022 11:32

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
rise in quarterly revenue when it reports  results on April 21. 
    * The Mount Airy North Carolina-based  company is expected
to
report  a 36.4% increase in revenue to $189.639 million from
$139 million a year ago, according to the estimate from one
analyst, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Insteel Industries
Inc is
for earnings of $1.26 per share. For the same quarter last year,
the company reported earnings of 79 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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 Insteel
Industries Inc is $46.5​, above​ its last closing price
of $37.11. ​​​

This summary was machine generated April 19 at 10:32 GMT.  All
figures in US dollars  unless otherwise stated