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

Insteel Industries

20/01/2022 12:20

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of $1.18​​ per share for the quarter ended in December.
The mean expectation of two analysts for the quarter was for 
 earnings of 92 cents per share.
    * Revenue rose 49.2% to $178.46 million from a year ago; 
analysts
expected $153.99 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
$1.18​.
    * The mean earnings estimate of analysts had risen by
about 20.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Insteel Industries Inc shares had fallen by 1.8% this
quarter.
    * The company reported quarterly net income of $23.13
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $44.00 
    * 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." 

This summary was machine generated January 20 at 12:20 p.m.
 ​All figures in US dollars unless otherwise stated