Insteel Industries Earnings: What Investors Should Watch

Insteel Industries (NASDAQ:IIIN) will report earnings before markets open on Thursday, July 18th. Insteel Industries, Inc. manufactures and markets wire products. The Company’s products include concrete reinforcing products, tire bead wire, and industrial wire for a range of construction and industrial applications. Insteel’s products are sold directly to users and through wholesalers and distributors located in the United States, Canada, Mexico, and Central and South America.

Here is your Cheat Sheet to Insteel Industries Earnings:

Earnings Expectations: Analysts expect earnings of $0.27 per share on revenues of $95.10 million. Currently, the company’s P/E ratio stands at 40.98.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.24 to a profit $0.26. For the current year, the average estimate is a profit of $0.86, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Insteel Industries has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 354 230 212 337 363
Diluted EPS ($) 2.47 -1.27 0.03 -0.02 0.10

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 93.60 97.86 85.89 82.87
Diluted EPS ($) 0.05 0.05 0.13 0.20

Past Performance:
Insteel Industries has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)