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Market Overview

Earnings Outlook For Insteel Industries

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Insteel Industries (NASDAQ:IIIN) unveils its next round of earnings this Thursday, January 21. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Insteel Industries earnings will be near $0.29 per share on sales of $102.78 million, according to analysts. In the same quarter last year, Insteel Industries reported EPS of $0.03 on revenue of $97.57 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 866.67% increase in the company's earnings. Revenue would be up 5.34% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q4 2020 Q3 2020 Q2 2020 Q1 2020
EPS Estimate 0.24 0.17 0.09 -0.11
EPS Actual 0.41 0.38 0.24 0.03
Revenue Estimate 114.32 M 115.45 M 100.28 M 90.97 M
Revenue Actual 138.23 M 121.96 M 114.90 M 97.57 M

Stock Performance

Shares of Insteel Industries were trading at $25.29 as of January 19. Over the last 52-week period, shares are up 1.03%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Insteel Industries is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings