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

Trex

09/05/2024 22:52

* Trex Co Inc  TREX.N  reported quarterly adjusted earnings
of 82
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of twenty analysts for the quarter
was for earnings of 72 cents per share. Wall Street expected
results to range from 64 cents to 76 cents per share.
    * Revenue rose 56.5% to $373.64 million from a year ago;
analysts
expected $366.73 million. 
    * Trex Co Inc's reported EPS for the quarter was 82 cents​.
    * The company reported quarterly net income of $89.07
million.
    * Trex Co Inc shares had fallen by 9.0% this quarter and
gained 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 9
"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
$105.50 
This summary was machine generated from LSEG data May 9 at 09:52
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
 Mar. 31 2024      0.72           0.82           Beat
 Dec. 31 2023      0.19           0.20           Beat
 Sep. 30 2023      0.50           0.57           Beat
 Jun. 30 2023      0.54           0.71           Beat