Insteel Industries Inc expected to post earnings of 76  cents a share - Earnings Preview

Insteel Industries

20/07/2021 11:30

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected to show a
rise in quarterly revenue when it reports results on July 22 .
* The Mount Airy, North Carolina-based company is expected to
report   a 27.1% increase in revenue to $154.968 million from
$121.96 million a year ago, according to the estimate from one
analyst, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Insteel Industries Inc
is for earnings of 76 cents per share. For the same quarter last
year, the company reported earnings of 38 cents 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 $35.5​, about 9.6% above​ its last closing
price of $32.10. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.48        0.48       0.79      Beat    64.6
 Dec. 31 2020  0.29        0.30       0.45      Beat    52.5
 Sep. 30 2020  0.26        0.24       0.41      Beat    70.8​
 Jun. 30 2020  0.11        0.18       0.38      Beat    117.1
 Mar.          0.08​       0.10       0.24      Beat    152.6​
 31​ 2020​                                              
 Dec. 31 2019  -0.10       -0.11      0.03      Beat    127.3​
 Sep. 30 2019  0.18        0.19       -0.08     Missed  -143.2
 Jun. 30 2019  0.30        0.30       0.11      Missed  -63.3
 This summary was machine generated July 20 at 10:30 GMT.  All
figures in US dollars unless otherwise stated