Trex Company Inc TREX.N reported quarterly adjusted earnings of 73 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of twenty analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 68 cents to 76 cents per share.
Revenue rose 3% to $387.80 million from a year ago; analysts expected $377.83 million.
Trex Company Inc's reported EPS for the quarter was 71 cents.
The company reported quarterly net income of $75.91 million.
Trex Company Inc shares had risen by 16.6% this quarter and lost 8.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 10 "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 Company Inc is $70.00, about 8.1% above its last closing price of $64.30
This summary was machine generated from LSEG data August 4 at 09:02 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)