Insteel Industries Inc reports results for the quarter ended in March - Earnings Summary

• Insteel Industries Inc IIIN reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of two analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 22 cents to 37 cents per share.

• Revenue fell 19.9% to $127.39 million from a year ago; analysts expected $134.89 million.

• Insteel Industries Inc's reported EPS for the quarter was 35 cents​.

• Insteel Industries Inc shares had fallen by 10.7% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction supplies & fixtures peer group is also "hold"

Wall Street's median 12-month price target for Insteel Industries Inc is $37.50

This summary was machine generated from LSEG data April 25 at 08:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)