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

Insteel Industries

19/01/2023 12:31

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 85 cents per share.
    * Revenue fell 6.5% to $166.90 million from a year ago;
analysts
expected $177.39 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
57
cents​.
    * The mean earnings estimate of analysts had fallen by
about 19.4%
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 risen by 12.8% this
quarter.
    * The company reported quarterly net income of $11.12
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $42.00 
    * 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." 

This summary was machine generated from Refinitiv data January
19 at 12:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.85           0.57           Missed
 Sep. 30 2022      1.82           1.24           Missed
 Jun. 30 2022      2.09           1.96           Missed
 Mar. 31 2022      1.26           1.97           Beat