Quanex Building Products Corp expected to post earnings of 71 cents a share - Earnings Preview

Quanex Building Products

03/09/2024 21:11

* Quanex Building Products Corp  NX.N   NX  is expected
to show a
fall in quarterly revenue when it reports  results on September
5 for the period ending July 31 2024
    * The Houston Texas-based  company is expected to report a
7.1% decrease in revenue to $278.458 million from $299.64
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on June 7
2024, for the period ended July 31, was for revenue between
$276.85 million and $282.17 million. (Sales/Revenue Majority
Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Quanex Building Products
Corp
is for earnings of 71 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 $27.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  0.52        0.53       0.66      Beat    24.5
 Jan. 31 2024  0.11        0.11       0.18      Beat    67.4
 Oct. 31 2023  0.70        0.70       0.95      Beat    36.4​
 Jul. 31 2023  0.65        0.65       0.97      Beat    49.2
 ​​Jan.        0.41        0.41       0.66      Beat    61
 1 0001                                                 
 Jan. 31 2023  0.23        0.23       0.18      Missed  -21.7​
 Jan. 1 0001   0.58        0.60       0.75      Beat    25.8
 Jul. 31 2022  0.61        0.61       0.79      Beat    29.5
 This summary was machine generated September 3 at 20:11 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)