【width of rav4 with mirrors】Trex (TREX) Q1 Earnings and Revenues Surpass Estimates
Trex (TREX) came out with quarterly earnings of $0.73 per share,width of rav4 with mirrors beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 21.67%. A quarter ago, it was expected that this maker of fencing and decking products would post earnings of $0.51 per share when it actually produced earnings of $0.61, delivering a surprise of 19.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Trex, which belongs to the Zacks Building Products - Wood industry, posted revenues of $200.40 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 1.16%. This compares to year-ago revenues of $179.57 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Trex shares have added about 2.2% since the beginning of the year versus the S&P 500's decline of -12.4%.
What's Next for Trex?
While Trex has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Trex was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $178.79 million in revenues for the coming quarter and $2.41 on $729.70 million in revenues for the current fiscal year.
Story continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Trex Company, Inc. (TREX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
下一篇:InvestmentPitch Media Video Discusses Recent eResearch Buy Recommendation on Peak Positioning Technologies, Parent Company of a Group of FinTech Subsidiaries operating in China - Video Available on Investmentpitch.com
相关文章:
- Stifel Financial Appoints Kathleen Brown Lead Independent Director
- Gaming platform Roblox acquires Imbellus assets ahead of IPO
- EMERGING MARKETS-Latam stocks weaken as risk rally pauses
- Dorian LPG: Q2 Earnings Insights
- IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Inovio Pharmaceuticals, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
- Why Prosperity Bancshares (PB) is a Top Dividend Stock for Your Portfolio
- Earnings Outlook for Manitowoc Co
- Voya: 3Q Earnings Snapshot
- Ferro (FOE) Beats Q3 Earnings and Revenue Estimates
- Rohingya must have choice on going to Bangladesh island - UN refugee agency
相关推荐:
- Livestock Diagnostics Market Worth $1.85 billion by 2027, Growing at a CAGR of 7.8% from 2019- Exclusive Report by Meticulous Research®
- Williams to Build 1-40 MW Solar Stations Across 9 US States (Revised)
- Waiting for passengers, American puts Boeing Max in the air
- FIRST FIRM TO INVESTIGATE NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Carnival Corporation & Plc and Encourages Investors with Losses of $100,000 to Contact the Firm
- 7-Day Deadline Alert: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Zoom Video Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Fir
- JPMorgan Chase approved to process $15 billion in new PPP loans
- Hydro66 Announces Additional Advance Under Convertible Loan
- Apollo Endosurgery, Inc. Reports First Quarter 2020 Results
- Eversource (ES) Q3 Earnings Lag, Revenues Beat Estimates
- The Zacks Analyst Blog Highlights: Telenav, Forestar, Alpine Income Property Trust, Innovative Industrial Properties and MDU Resources
- IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Inovio Pharmaceuticals, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
- NextEra Energy (NEE) Stock Moves -1.57%: What You Should Know
- 10 Block, a Tech Startup Recognized by SXSW 2019, is Releasing a Universal TV Series and Movie Discovery Platform So You Can See What Your Friends Like
- Why the Earnings Surprise Streak Could Continue for Dick's (DKS)
- AppFolio, Inc. Announces First Quarter 2020 Financial Results
- Lam Research unveils improved tool to make 3-D chips for phones, devices
- 10 Block, a Tech Startup Recognized by SXSW 2019, is Releasing a Universal TV Series and Movie Discovery Platform So You Can See What Your Friends Like
- Why You Should Leave Strix Group Plc's (LON:KETL) Upcoming Dividend On The Shelf
- Should You Buy AMD Stock?
- Merck (MRK) Stock Moves -0.81%: What You Should Know