Trex Company Inc reports results for the quarter ended in June - Earnings Summary

Trex

31/07/2023 23:05

* Trex Company Inc  TREX.N  reported quarterly adjusted
earnings
of 71 cents​​ per share for the quarter ended in June. The mean
expectation of nineteen analysts for the quarter was
for earnings of 54 cents per share.
    * Revenue fell 7.7% to $356.54 million from a year ago;
analysts
expected $318.47 million. 
    * Trex Company Inc's reported EPS for the quarter was 71
cents​.
    * The mean earnings estimate of analysts had risen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Trex Company Inc shares had risen by 5.6% this quarter and
gained 63.6% so far this year.
    * The company reported quarterly net income of $77.04
million.
    * Wall Street's median 12-month price target for Trex
Company Inc
is $65.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.54           0.71           Beat
 Mar. 31 2023      0.34           0.38           Beat
 Dec. 31 2022      0.22           0.09           Missed
 Sep. 30 2022      0.14           0.13           Missed