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Insteel Industries (NASDAQ:IIIN) announces its next round of earnings this Thursday. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.
Earnings and Revenue
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Insteel Industries earnings will be near 56 cents per share on sales of $130.38 million, according to analysts.
The analyst consensus estimate would represent a 180 percent increase in the company's earnings. Revenue would be up 34.57 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.52 | 0.45 | 0.22 | 0.4 |
| EPS Actual | 0.67 | 0.31 | 0.2 | 0.2 |
Stock Performance
For a full 12 months, the return has risen by 23.54 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Insteel Industries stock is a Buy. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.