Insteel Industries Inc expected to post earnings of 94 cents a share - Earnings Preview

Insteel Industries

19/10/2021 11:32

* Insteel Industries Inc  IIIN.N   IIIN.K  is expected to show a
rise in quarterly revenue when it reports results on October
21. 
* The Mount Airy, North Carolina-based company is expected to
report  a 23.4% increase in revenue to $170.617 million from
$138.23 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 94 cents per share. For the same quarter last
year, the company reported earnings of 41 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 $40​, about 1.2% above​ its last closing price
of $39.52. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.76        0.76       1.00      Beat    31.6
 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.          0.11​       0.18       0.38      Beat    117.1​
 30​ 2020​                                              
 Mar. 31 2020  0.08        0.10       0.24      Beat    152.6​
 Dec. 31 2019  -0.10       -0.11      0.03      Beat    127.3
 Sep. 30 2019  0.18        0.19       -0.08     Missed  -143.2
 This summary was machine generated October 19 at 10:32 GMT.  All
figures in US dollars unless otherwise stated