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

Insteel Industries

20/10/2022 12:31

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of $1.24​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of $1.82 per share.
    * Revenue rose 21.4% to $207.99 million from a year ago;
analysts
expected $231.68 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
$1.24​.
    * The mean earnings estimate of analysts was unchanged 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 4.6% this
quarter and
lost 30.3% so far this year.
    * The company reported quarterly net income of $24.31
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $49.00 
    * 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 Refinitiv data October
20 at 11:31 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.82           1.24           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