Trex Co Q2 EPS $0.71 Beats $0.53 Estimate, Sales $356.54M Beat $318.47M Estimate
Portfolio Pulse from sunil@benzinga.com
Trex Co reported Q2 earnings of $0.71 per share, beating the analyst consensus estimate of $0.53 by 33.96%. However, this is a 10.13% decrease from the same period last year. The company also reported quarterly sales of $356.54 million, surpassing the analyst consensus estimate of $318.47 million by 11.95%, but marking a 7.69% decrease from the same period last year.
July 31, 2023 | 8:50 pm
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NEUTRAL IMPACT
Trex Co's Q2 earnings and sales exceeded analyst estimates, but both figures are lower than the same period last year.
While Trex Co beat analyst estimates for Q2 earnings and sales, the year-over-year decrease in both figures could potentially concern investors. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100