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

Quanex Building Products

08/03/2024 15:32

* Quanex Building Products Corp  NX.N  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended in
January, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for earnings of
11 cents per share. Wall Street expected results to range from 9
cents to 12 cents per share.
    * Revenue fell 8.7% to $239.16 million from a year ago;
analysts
expected $231.43 million. 
    * Quanex Building Products Corp's reported EPS for the
quarter was
19 cents​.
    * The company reported quarterly net income of $6.25
million.
    * Quanex Building Products Corp shares had risen by 13.7%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 72.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $35.50 
This summary was machine generated from LSEG data March 8 at
03:32 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
 Jan. 31 2024      0.11           0.18           Beat
 Oct. 31 2023      0.70           0.95           Beat
 Jul. 31 2023      0.65           0.97           Beat
 Apr. 30 2023      0.41           0.66           Beat