Insteel Industries, Inc. Just Missed EPS By 48%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Yahoo! Finance
It wasn't a great result overall - while revenue fell marginally short of analyst estimates at US$122m, statutory earnings missed forecasts by an incredible 48%, coming in at just US$0.06 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. See our latest analysis for Insteel Industries Taking into account the latest results, the current consensus, from the twin analysts covering Insteel Industries, is for revenues of US$568.4m in 2024. This implies a discernible 5.9% reduction in Insteel Industries' revenue over the past 12 months. Statutory earnings per share are predicted to surge 77% to US$2.04. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$587.6m and earnings per share (EPS)
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News
- All You Need to Know About Insteel Industries (IIIN) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Insteel Industries, Inc. (NYSE:IIIN) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Insteel Industries Reports Second Quarter 2024 ResultsBusiness Wire
- Insteel Q2 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Insteel Industries (NYSE:IIIN) shareholders have earned a 16% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
IIIN
Earnings
- 4/25/24 - Beat
IIIN
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 3/4/24 - Form 4
- IIIN's page on the SEC website