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

Insteel Industries

21/04/2022 13:53

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of $1.99​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of $1.26 per share.
    * Revenue rose 53.4% to $213.21 million from a year ago; 
analysts
expected $189.64 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
$1.99​.
    * The mean earnings estimate of analysts had risen by
about 88.1%
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 8.4% this
quarter and
gained 0.7% so far this year.
    * The company reported quarterly net income of $39.02
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $46.50 
    * 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 April 21 at 12:53 p.m.  ​All
figures in US dollars unless otherwise stated