Quanex Building Products Corp expected to post earnings of 70 cents a share - Earnings Preview

Quanex Building Products

12/12/2023 21:16

* Quanex Building Products Corp  NX.N   NX  is expected
to show a
fall in quarterly revenue when it reports  results on December
14 for the period ending July 31 2023
    * The Houston Texas-based  company is expected to report a
5.4% decrease in revenue to $291.009 million from $307.53
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on September
1 2023, for the period ended October 31, was for revenue between
$295.23 million and $298.31 million. (Sales/Revenue Majority
Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Quanex Building Products
Corp
is for earnings of 70 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 $33.00​, above​ its last closing price
of $32.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  0.65        0.65       0.97      Beat    49.2
 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.        0.61        0.61       0.79      Beat    29.5
 31 2022                                                
 Apr. 30 2022  0.42        0.43       0.80      Beat    84.3​
 Jan. 31 2022  0.26        0.26       0.34      Beat    32.8
 Oct. 31 2021  0.53        0.53       0.62      Beat    16.5
 This summary was machine generated December 12 at 21:16 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)