Northwest Pipe Co reports results for the quarter ended in December - Earnings Summary

NWPX Infrastructure

05/03/2024 23:42

* Northwest Pipe Co  NWPX.OQ  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 85 cents.  The mean expectation of three analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 30 cents to 52 cents per share.
    * Revenue rose 3.1% to $110.16 million from a year ago;
analysts
expected $107.35 million. 
    * Northwest Pipe Co's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $5.44
million.
    * Northwest Pipe Co shares had fallen by 3.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.3%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for Northwest Pipe Co
is $38.00 
This summary was machine generated from LSEG data March 5 at
11:42 p.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
 Dec. 31 2023      0.42           0.54           Beat
 Sep. 30 2023      0.82           0.58           Missed
 Jun. 30 2023      0.79           0.74           Missed
 Mar. 31 2023      0.38           0.23           Missed