Trex Co Inc reports results for the quarter ended in September 30 - Earnings Summary

Trex

29/10/2024 02:28

* Trex Co Inc  TREX.N  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 28 cents to 35 cents per share.
    * Revenue fell 23.1% to $233.72 million from a year ago;
analysts
expected $225.39 million. 
    * Trex Co Inc's reported EPS for the quarter was 37 cents​.
    * The company reported quarterly net income of $40.55
million.
    * Trex Co Inc shares had fallen by 3.4% this quarter and
lost 22.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "hold"

Wall Street's median 12-month price target for Trex Co Inc is
$73.50 
This summary was machine generated from LSEG data October 29 at
02:28 a.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 2024      0.32           0.37           Beat
 Jun. 30 2024      0.78           0.80           Beat
 Mar. 31 2024      0.72           0.82           Beat
 Dec. 31 2023      0.19           0.20           Beat