Trex Co Q3 Adj EPS $0.57 Beats $0.50 Estimate, Sales $303.84M Beat $289.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trex Co reported Q3 adjusted earnings of $0.57 per share, beating the analyst consensus estimate of $0.50 by 14%. This is a 307.14% increase from the same period last year. The company also reported quarterly sales of $303.84 million, beating the analyst consensus estimate of $289.89 million by 4.81%. This is a 61.21% increase from the same period last year.
October 30, 2023 | 8:18 pm
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POSITIVE IMPACT
Trex Co's Q3 earnings and sales exceeded estimates, indicating strong financial performance. This could positively impact the company's stock in the short term.
Trex Co's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100