Quanex Building Products Corporation (NYSE:NX) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Quanex Building Products Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.2 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 19.57% to $232.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quanex Building Products Corporation reported adjusted EPS loss of $0.2 per share. By that measure, the company missed the mean analyst estimate of $-0.08. It beat the average revenue estimate of $225.42 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 25.2% from $185.71 million in the previous quarter. EPS decreased to $-0.2 in the quarter versus EPS of $-0.17 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.26 to a profit $0.18. For the current year, the average estimate has moved down from a profit of $0.41 to a profit of $0.09 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)