Quanex Building Products Corp reports results for the quarter ended in July 31 - Earnings Summary

Quanex Building Products

05/09/2024 22:01

* Quanex Building Products Corp  NX.N  reported quarterly
adjusted
earnings of 73 cents​​ per share for the quarter ended July 31,
lower than the same quarter last year, when the company reported
EPS of 97 cents.  The mean expectation of four analysts for the
quarter was for earnings of 71 cents per share. Wall Street
expected results to range from 70 cents to 71 cents per share.
    * Revenue fell 6.4% to $280.35 million from a year ago;
analysts
expected $278.46 million. 
    * Quanex Building Products Corp's reported EPS for the
quarter was
77 cents​.
    * The company reported quarterly net income of $25.35
million.
    * Quanex Building Products Corp shares had fallen by 8.6%
this
quarter and lost 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 September 5 at
09:00 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
 Jul. 31 2024      0.71           0.73           Beat
 Apr. 30 2024      0.53           0.66           Beat
 Jan. 31 2024      0.11           0.18           Beat
 Oct. 31 2023      0.70           0.95           Beat