Insteel Industries Inc expected to post earnings of 92 cents a share - Earnings Preview

Insteel Industries

18/01/2022 11:33

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected to show a
rise in quarterly revenue when it reports  results on January
20. 
* The Mount Airy North Carolina-based  company is expected to
report  a 28.8% increase in revenue to $153.994 million from
$119.61 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 92 cents per share. For the same quarter last
year, the company reported earnings of 45 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 $44​, about 7.6% above​ its last closing price
of $40.65. ​​​
This summary was machine generated January 18 at 11:32 GMT.  All
figures in US dollars  unless otherwise stated