Insteel Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Insteel Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Insteel Industries Inc IIIN.N reported quarterly adjusted earnings of 46 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of two analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 29 cents to 60 cents per share.
Revenue rose 9.9% to $197.66 million from a year ago; analysts expected $192.06 million.
Insteel Industries Inc's reported EPS for the quarter was 46 cents.
The company reported quarterly net income of $9.02 million.
Insteel Industries Inc shares had fallen by 1.9% this quarter and lost 6.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 47% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for Insteel Industries Inc is $37.00, about 19.9% above its last closing price of $29.64
This summary was machine generated from LSEG data July 16 at 11:32 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.45 | 0.46 | Beat |
Mar. 31 2026 | 0.64 | 0.27 | Missed |
Dec. 31 2025 | 0.40 | 0.39 | Missed |
Sep. 30 2025 | 0.68 | 0.74 | Beat |
Recent news on Insteel Industries
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Insteel Industries Inc reports results for the quarter ended September 30 - Earnings Summary
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