Insteel Industries Inc expected to post earnings of $1.82 a share - Earnings Preview

Insteel Industries

18/10/2022 11:32

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
rise in quarterly revenue when it reports  results on October
20. 
    * The Mount Airy North Carolina-based  company is expected
to
report  a 35.3% increase in revenue to $231.682 million from
$171.26 million a year ago, according to the mean estimate from
2 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Insteel Industries
Inc is
for earnings of $1.82 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 Insteel
Industries Inc is $49​, above​ its last closing price of $28.02.
​​​

This summary was machine generated October 18 at 10:32 GMT.  All
figures in US dollars  unless otherwise stated