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

Quanex Building Products

12/12/2024 22:01

* Quanex Building Products Corp  NX.N  reported quarterly
adjusted
earnings of 61 cents​​ per share for the quarter ended October
31, lower than the same quarter last year, when the company
reported EPS of 95 cents.  The mean expectation of four analysts
for the quarter was for earnings of 56 cents per share. Wall
Street expected results to range from 53 cents to 57 cents per
share.
    * Revenue rose 66.6% to $492.16 million from a year ago;
analysts
expected $490.96 million. 
    * Quanex Building Products Corp's reported EPS for the
quarter was
a loss of 30 cents​.
    * The company reported a quarterly loss of $13.92 million.
    * Quanex Building Products Corp shares had risen by 5.8%
this
quarter and lost 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 $37.50 
This summary was machine generated from LSEG data December 12 at
10:01 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 2024      0.56           0.61           Beat
 Jul. 31 2024      0.71           0.73           Beat
 Apr. 30 2024      0.53           0.66           Beat
 Jan. 31 2024      0.11           0.18           Beat