Insteel Indus Q4 EPS $0.29 Misses $0.66 Estimate, Sales $157.52M Miss $173.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Insteel Indus (NYSE:IIIN) reported Q4 earnings of $0.29 per share, missing the analyst consensus estimate of $0.66 by 56.06%. This is a 76.61% decrease from the same period last year. The company also reported quarterly sales of $157.52 million, missing the analyst consensus estimate of $173.54 million by 9.23%. This is a 24.26% decrease from the same period last year.
October 19, 2023 | 10:31 am
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Insteel Indus reported lower than expected Q4 earnings and sales, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Insteel Indus reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to be viewed negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100