Quanex Building Products Corp expected to post earnings of 53 cents a share - Earnings Preview

Quanex Building Products

04/06/2024 21:23

* Quanex Building Products Corp  NX.N   NX  is expected
to show a
fall in quarterly revenue when it reports  results on June 6 for
the period ending April 30 2024
    * The Houston Texas-based  company is expected to report a
3.9% decrease in revenue to $262.95 million from $273.54 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on March 8 2024, for
the period ended April 30, was for revenue between $268.06
million and $273.54 million. (Sales/Revenue Majority Basis is on
Net Sales)
    * ​LSEG's mean analyst estimate for Quanex Building Products
Corp
is for earnings of 53 cents per share. 
    * 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."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Quanex
Building
Products Corp is $40.00​, above​ its last closing price
of $31.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  0.11        0.11       0.18      Beat    67.4
 Oct. 31 2024  0.70        0.70       0.95      Beat    36.4
 Jul. 31 2023  0.65        0.65       0.97      Beat    49.2​
 Apr. 30 2023  0.41        0.41       0.66      Beat    61
 ​​Jan.        0.23        0.23       0.18      Missed  -21.7
 31 2023                                                
 Oct. 31 2022  0.58        0.60       0.75      Beat    25.8​
 Jul. 31 2022  0.61        0.61       0.79      Beat    29.5
 Apr. 30 2022  0.42        0.43       0.80      Beat    84.3
 This summary was machine generated June 4 at 20:22 GMT.  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)