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

NWPX Infrastructure

02/05/2024 01:22

* Northwest Pipe Co  NWPX.OQ  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of three analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 18 cents to 49 cents per share.
    * Revenue rose 14.2% to $113.22 million from a year ago;
analysts
expected $103.80 million. 
    * Northwest Pipe Co's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $5.24
million.
    * Northwest Pipe Co shares had fallen by 8.7% this
quarter and
gained 4.6% so far this year.

FORECAST CHANGES
    * 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.

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 $40.00 
This summary was machine generated from LSEG data May 2 at 12:22
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
 Mar. 31 2024      0.34           0.52           Beat
 Dec. 31 2023      0.42           0.54           Beat
 Sep. 30 2023      0.82           0.58           Missed
 Jun. 30 2023      0.79           0.74           Missed