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

Insteel Industries

21/10/2021 17:00

* Insteel Industries Inc  IIIN.N  reported quarterly adjusted
earnings of $1.28​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 94 cents per share.
* Revenue rose 23.9% to $171.26 million from a year ago; 
analysts expected $170.62 million. 
* Insteel Industries Inc's reported EPS for the quarter was
$1.28​.
* The mean earnings estimate of analysts had risen by
about 18.2% 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 0.3% this
quarter and gained 71.4% so far this year.
* The company reported quarterly net income of $25.15 million.
* Wall Street's median 12-month price target for Insteel
Industries Inc is $40.00 
* 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 October 21 at 04:00 p.m.
 ​All figures in US dollars unless otherwise stated