Insteel Industries Inc expected to post earnings of $2.09 a share - Earnings Preview

Insteel Industries

19/07/2022 11:32

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
rise in quarterly revenue when it reports  results on July 21. 
    * The Mount Airy North Carolina-based  company is expected
to
report  a 49.4% increase in revenue to $240.169 million from
$160.74 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 $2.09 per share. For the same quarter last year,
the company reported earnings of $1.00 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 $55.5​, above​ its last closing price
of $37.60. ​​​

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