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

Insteel Industries

20/04/2023 12:31

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue fell 25.4% to $159.05 million from a year ago;
analysts
expected $170.83 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 47.1%
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 fallen by 0.4% this
quarter and gained 0.7% so far this year.
    * The company reported quarterly net income of $5.1 million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $38.00 
    * 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
April 20 at 11:31 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      2.09           1.96           Missed