Quanex Building Prods Q3 EPS $0.97 Beats $0.65 Estimate, Sales $299.60M Beat $289.28M Estimate
Portfolio Pulse from Bill Haddad
Quanex Building Prods (NYSE:NX) reported Q3 earnings of $0.97 per share, beating the analyst consensus estimate of $0.65 by 49.23%. This is a 22.78% increase from the same period last year. The company also reported quarterly sales of $299.60 million, beating the analyst consensus estimate of $289.28 million by 3.57%, but this is a 7.54% decrease from the same period last year.
August 31, 2023 | 8:21 pm
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POSITIVE IMPACT
Quanex Building Prods reported better than expected Q3 earnings and sales, but sales decreased compared to the same period last year.
Quanex Building Prods reported Q3 earnings and sales that beat estimates, which is generally positive for the stock. However, the decrease in sales compared to the same period last year might be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100