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

Quanex Building Products

15/12/2023 23:42

* Quanex Building Products Corp  NX.N  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of 75 cents.  The mean expectation of
three analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 64 cents to 74
cents per share.
    * Revenue fell 3.9% to $295.49 million from a year ago;
analysts
expected $291.01 million. 
    * Quanex Building Products Corp's reported EPS for the
quarter was
83 cents​.
    * The company reported quarterly net income of $27.38
million.
    * Quanex Building Products Corp shares had risen by 23.2%
this
quarter and gained 46.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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 $33.00 
This summary was machine generated from LSEG data December 15 at
11:41 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
 Oct. 31 2023      0.70           0.95           Beat
 Jul. 31 2023      0.65           0.97           Beat
 Apr. 30 2023      0.41           0.66           Beat
 Jan. 31 2023      0.23           0.18           Missed