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

Trex

09/05/2023 03:33

* Trex Company Inc  TREX.N  reported quarterly adjusted
earnings
of 38 cents​​ per share for the quarter ended in March. The mean
expectation of nineteen analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue fell 29.6% to $238.72 million from a year ago;
analysts
expected $237.43 million. 
    * Trex Company Inc's reported EPS for the quarter was 38
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Trex Company Inc shares had risen by 13.5% this
quarter and
gained 30.5% so far this year.
    * The company reported quarterly net income of $41.13
million.
    * Wall Street's median 12-month price target for Trex
Company Inc
is $59.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 02:33 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.38           Beat
 Dec. 31 2022      0.22           0.09           Missed
 Sep. 30 2022      0.14           0.13           Missed
 Jun. 30 2022      0.67           0.79           Beat