Quanex Building Products Earnings: Everything You Must Know Now
Quanex Building Products Corporation (NYSE:NX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Quanex Building Products Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.33% to $0.13 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Rose 8.95% to $259.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quanex Building Products Corporation reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.11. It missed the average revenue estimate of $265.21 million.
Key Stats (on next page)…
Revenue increased 11.5% from $232.46 million in the previous quarter. EPS increased to $0.13 in the quarter versus EPS of $-0.20 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 $0.16 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $0.09 to a loss of $0.15 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)