Quanex Building Products Corp reports results for the quarter ended in April - Earnings Summary

Quanex Building Products

06/06/2024 22:37

* Quanex Building Products Corp  NX.N  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in April,
identical to the same quarter last year.  The mean expectation
of four analysts for the quarter was for earnings of 53 cents
per share. Wall Street expected results to range from 47 cents
to 56 cents per share.
    * Revenue fell 2.7% to $266.20 million from a year ago;
analysts
expected $262.95 million. 
    * Quanex Building Products Corp's reported EPS for the
quarter was
46 cents​.
    * The company reported quarterly net income of $15.38
million.
    * Quanex Building Products Corp shares had fallen by 19.8%
this
quarter and gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
supplies & fixtures peer group is  "buy."

Wall Street's median 12-month price target for Quanex Building
Products Corp is $40.00 
This summary was machine generated from LSEG data June 6 at
09:37 p.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
 Apr. 30 2024      0.53           0.66           Beat
 Jan. 31 2024      0.11           0.18           Beat
 Oct. 31 2023      0.70           0.95           Beat
 Jul. 31 2023      0.65           0.97           Beat