Insteel Industries Inc expected to post earnings of 85cents a share - Earnings Preview

Insteel Industries

17/01/2023 12:33

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected
to show a
fall in quarterly revenue when it reports  results on January
19. 
    * The Mount Airy North Carolina-based  company is expected
to
report  a 0.6% decrease in revenue to $177.389 million from
$178.46 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 85 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "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 $42​, above​ its last closing price of $31.67.
​​​

This summary was machine generated January 17 at 12:33 GMT.  All
figures in US dollars  unless otherwise stated