Preview: Insteel Indus's Earnings

Loading...
Loading...

Insteel Indus IIIN is set to give its latest quarterly earnings report on Thursday, 2024-01-18. Here's what investors need to know before the announcement.

Analysts estimate that Insteel Indus will report an earnings per share (EPS) of $0.05.

Insteel Indus bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.41, which was followed by a 0.41% drop in the share price the next day.

Here's a look at Insteel Indus's past performance and the resulting price change:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 0.70 0.66 0.46 0.85
EPS Actual 0.29 0.54 0.26 0.57
Price Change % -0.41% 5.07% -2.79% 3.61%

Stock Performance

Shares of Insteel Indus were trading at $36.2 as of January 15. Over the last 52-week period, shares are up 34.62%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Insteel Indus visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-EP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...