Trex Co Inc reports results for the quarter ended in December - Earnings Summary

Trex

26/02/2024 22:01

* Trex Co Inc  TREX.N  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of twenty one analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 16 cents to 22 cents per share.
    * Revenue rose 1.9% to $195.75 million from a year ago;
analysts
expected $193.23 million. 
    * Trex Co Inc's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $21.95
million.
    * Trex Co Inc shares had risen by 13.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Trex Co Inc is
$84.50 
This summary was machine generated from LSEG data February 26 at
10:00 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
 Sep. 30 2023      0.19           0.20           Beat
 Sep. 30 2023      0.50           0.57           Beat
 Jun. 30 2023      0.54           0.71           Beat
 Mar. 31 2023      0.34           0.38           Beat