Earnings Outlook For Trex Co
Portfolio Pulse from Benzinga Insights
Trex Co (NYSE:TREX) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.19. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Trex Co's past earnings performance shows a consistent trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $93.52, reflecting an 81.68% increase over the last 52 weeks, indicating bullish sentiment among long-term shareholders.
February 23, 2024 | 4:01 pm
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POSITIVE IMPACT
Trex Co is expected to report an EPS of $0.19 in its upcoming quarterly earnings, with a history of beating EPS estimates and positive stock price reactions. Shares have risen 81.68% over the last 52 weeks, indicating strong investor confidence.
Given Trex Co's consistent history of beating EPS estimates and the subsequent positive reactions in its stock price, there is a strong likelihood of a positive short-term impact on TREX shares following the earnings report. The anticipation of positive guidance for future growth further bolsters this outlook. The 81.68% increase in share price over the last year reflects strong investor confidence, which could be further reinforced by a favorable earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100