Insteel Industries Inc expected to post earnings of 30 cents a share - Earnings Preview

Insteel Industries

23/04/2024 15:23

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
fall in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The Mount Airy North Carolina-based  company is expected
to
report a 15.2% decrease in revenue to $134.893 million from
$159.05 million a year ago, according to the mean estimate from
2 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Insteel Industries Inc
is for
earnings of 30 cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * 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 $37.50​, above​ its last closing price
of $33.62. ​​​

This summary was machine generated April 23 at 14:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)