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

Insteel Industries

21/07/2022 13:18

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of $1.96​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was
for earnings of $2.09 per share.
    * Revenue rose 41.3% to $227.17 million from a year ago; 
analysts
expected $240.17 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
$1.96​.
    * The mean earnings estimate of analysts had risen by
about 23.7%
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 21.2% this
quarter and gained 2.5% so far this year.
    * The company reported quarterly net income of $38.56
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $55.50 
    * 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 July 21 at 12:18 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      2.09           1.96           Missed
 Mar. 31 2022      1.26           1.97           Beat
 Dec. 31 2021      0.92           1.18           Beat
 Sep. 30 2021      0.94           1.28           Beat
 This summary was machine generated from Refinitiv data July 21
at 12:18 p.m