Quanex Building Products Corp expected to post earnings of 65  cents a share - Earnings Preview

Quanex Building Products

29/08/2023 21:09

* Quanex Building Products Corp  NX.N   NX  is expected
to show a
fall in quarterly revenue when it reports  results on August
31. 
    * The Houston Texas-based  company is expected to report  a
10.7% decrease in revenue to $289.277 million from $324.04
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
June 2 2023, for the period ended July 31, was for revenue
between $285.15 million and $291.63 million.
    * ​Refinitiv's mean analyst estimate for Quanex Building
Products
Corp is for earnings of 65 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 $31​, above​ its last closing price of $25.56.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  0.41        0.41       0.66      Beat    61
 Jan. 31 2023  0.23        0.23       0.18      Missed  -21.7
 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.        0.42        0.43       0.80      Beat    84.3
 30 2022                                                
 Jan. 31 2022  0.26        0.26       0.34      Beat    32.8​
 Oct. 31 2021  0.53        0.53       0.62      Beat    16.5
 Jul. 31 2021  0.42        0.44       0.42      Missed  -4.1
 This summary was machine generated August 29 at 20:09 GMT.  All
figures in US dollars  unless otherwise stated