Trex Co. Earnings: Here’s Why Investors are Buying Shares Now
Trex Co. Inc. (NYSE:TREX) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.08%.
Trex Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.13 in the quarter versus EPS of $-0.54 in the year-earlier quarter.
Revenue: Decreased 10.22% to $46.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Trex Co. Inc. reported adjusted EPS loss of $-0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $45.27 million.
Quoting Management:“We brought 2012 to a successful close with a solid fourth quarter,” said Chairman, President and CEO Ronald W. Kaplan. “We exceeded our revenue guidance for the period and achieved sales growth of 15% for the year.”
Key Stats (on next page)…
Revenue decreased 34.76% from $70.82 million in the previous quarter. EPS decreased to $-0.13 in the quarter versus EPS of $0.36 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.03 and has not changed. For the current year, the average estimate has moved up from a profit of $1.55 to a profit of $1.56 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)