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Stock impact report

Why Encore Wire (WIRE) Dipped More Than Broader Market Today [Yahoo! Finance]

Encore Wire Corporation (WIRE) 
Last encore wire corporation earnings: 4/28 05:05 pm Check Earnings Report
US:NASDAQ Investor Relations: encorewire.com/investors
Company Research Source: Yahoo! Finance
This move lagged the S&P 500's daily loss of 0.72%. Elsewhere, the Dow lost 1%, while the tech-heavy Nasdaq lost 0.95%. Shares of the copper wire maker witnessed a gain of 13.99% over the previous month, beating the performance of the Industrial Products sector with its gain of 4.93% and the S&P 500's gain of 2.16%. The investment community will be closely monitoring the performance of Encore Wire in its forthcoming earnings report. The company is expected to report EPS of $3.73, down 42.62% from the prior-year quarter. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Encore Wire. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have devel Show less Read more
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