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

Insteel Industries

20/07/2023 12:31

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of 54 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 67 cents per share.
    * Revenue fell 27.1% to $165.71 million from a year ago;
analysts
expected $186.32 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.3%
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 2.0% this
quarter and
gained 15.4% so far this year.
    * The company reported quarterly net income of $10.57
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $37.00 
    * 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 LSEG Refinitiv data July
20 at 11:31 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.67           0.54           Missed
 Mar. 31 2023      0.46           0.26           Missed
 Dec. 31 2022      0.85           0.57           Missed
 Sep. 30 2022      1.82           1.24           Missed