Ufp Industries Inc reports results for the quarter ended in March - Earnings Summary

UFP Industries

30/04/2024 17:35

* Ufp Industries Inc  UFPI.OQ  reported quarterly adjusted
earnings of $1.96​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.98.  The mean expectation of six analysts for the
quarter was for earnings of $1.66 per share. Wall Street
expected results to range from $1.44  to $1.77 per share.
    * Revenue fell 10.1% to $1.64 billion from a year ago;
analysts
expected $1.71 billion. 
    * Ufp Industries Inc's reported EPS for the quarter was
$1.96​.
    * The company reported quarterly net income of $120.79
million.
    * Ufp Industries Inc shares had fallen by 5.9% this
quarter and
lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the forest & wood
products peer group is also "buy"

Wall Street's median 12-month price target for Ufp Industries
Inc is $120.00 
This summary was machine generated from LSEG data April 30 at
04:35 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      1.66           1.96           Beat
 Dec. 31 2023      1.65           1.62           Missed
 Sep. 30 2023      2.14           2.10           Missed
 Jun. 30 2023      2.35           2.36           Beat