PREVIEW: Trex shares rally with earnings on deck

Trex

27/02/2023 20:25

** Shares in Trex Co  TREX.N  up 3.0% on Monday ahead of
quarterly results due out after market close, with analysts
expecting a deep drop in revenue 
    ** Wall Street expects the manufacturer or wood alternative
decking and residential railing to report Q4 adj. EPS of $0.22
vs $0.60 Q4 2021 with revenue expected to be $185.25 mln, which
would be a 39% tumble y/y, according to Refinitiv
    ** TREX met or beat revenue expectations in 7 of the last 8
quarters while its EPS beat consensus 7 times 
    **YTD TREX up ~22% after falling just under 69% in 2022   

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))