Insteel Industries Inc reports results for the quarter ended December 31 - Earnings Summary

Insteel Industries

16/01/2025 14:32

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended December
31, identical to the same quarter last year.  The mean
expectation of two analysts for the quarter was for earnings of
6 cents per share. Wall Street expected results to range from
-11 cents to 22 cents per share.
    * Revenue rose 6.6% to $129.72 million from a year ago;
analysts
expected $117.45 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $1.08
million.
    * Insteel Industries Inc shares had fallen by 8.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 67.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "hold"

Wall Street's median 12-month price target for Insteel
Industries Inc is $34.00 
This summary was machine generated from LSEG data January 16 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.06           0.06           Met
 Sep. 30 2024      0.31           0.24           Missed
 Jun. 30 2024      0.43           0.34           Missed
 Mar. 31 2024      0.30           0.35           Beat