Insteel Industries Inc expected to post earnings of 43 cents a share - Earnings Preview

Insteel Industries

16/07/2024 13:40

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
fall in quarterly revenue when it reports  results on July 18
for the period ending June 30 2024
    * The Mount Airy North Carolina-based  company is expected
to
report a 7.6% decrease in revenue to $153.04 million from
$165.71 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 43 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 $36.50​, above​ its last closing price
of $31.22. ​​​

This summary was machine generated July 16 at 12:40 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)