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

Insteel Industries

19/10/2023 13:25

* Insteel Industries Inc  IIIN.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 66 cents per share.
    * Revenue fell 24.3% to $157.52 million from a year ago;
analysts
expected $173.54 million. 
    * Insteel Industries Inc's reported EPS for the quarter was
29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 fallen by 2.6% this
quarter and gained 14.8% so far this year.
    * The company reported quarterly net income of $5.63
million.
    * Wall Street's median 12-month price target for Insteel
Industries Inc is $39.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 19 at 12:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.66           0.29           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