Insteel Industries Inc expected to post earnings of 5 cents a share - Earnings Preview

Insteel Industries

16/01/2024 11:39

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
fall in quarterly revenue when it reports  results on January 18
for the period ending December 31 2023
    * The Mount Airy North Carolina-based  company is expected
to
report a 22.3% decrease in revenue to $129.684 million from
$166.9 million a year ago, according to the estimate from one
analyst, based on LSEG data.
    * ​LSEG's mean analyst estimate for Insteel Industries Inc
is for
earnings of 5 cents per share. 
    * The one available analyst rating on the shares is "strong
buy".  
    * 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 $39.00​, above​ its last closing price
of $36.36. ​​​

This summary was machine generated January 16 at 11:39 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)