Trex Co Inc expected to post earnings of 78 cents a share - Earnings Preview

Trex

02/08/2024 22:13

* Trex Co Inc  TREX.N   TREX.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Winchester Virginia-based  company is expected to
report a
8.8% increase in revenue to $387.863 million from $356.54
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$380.00 million and $390.00 million.
    * ​LSEG's mean analyst estimate for Trex Co Inc is for
earnings of
78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Trex Co Inc
is
$96.00​, above​ its last closing price of $77.26. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.72        0.72       0.82      Beat    14.7
 Dec. 31 2024  0.19        0.19       0.20      Beat    4.7
 Sep. 30 2023  0.50        0.50       0.57      Beat    14.4​
 Jun. 30 2023  0.55        0.54       0.71      Beat    32.7
 ​​Mar.        0.33        0.34       0.38      Beat    13.1
 31 2023                                                
 Dec. 31 2022  0.22        0.22       0.09      Missed  -58.1​
 Sep. 30 2022  0.15        0.14       0.13      Missed  -9.3
 Jun. 30 2022  0.68        0.67       0.79      Beat    17.8
 This summary was machine generated August 2 at 21:13 GMT.  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)