Trex Co Q4 2023 Adj EPS $0.20 Beats $0.19 Estimate, Sales $195.75M Beat $193.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trex Co (NYSE:TREX) reported Q4 2023 adjusted EPS of $0.20, surpassing the $0.19 estimate, and sales of $195.75M, exceeding the $193.23M estimate. This represents a 13.04% decrease in EPS and a 1.90% increase in sales from the same period last year.
February 26, 2024 | 9:07 pm
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Trex Co reported a Q4 2023 adjusted EPS of $0.20, beating estimates, and sales of $195.75M, also above expectations. Despite a year-over-year decrease in EPS, sales saw a slight increase.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. Although there's a decrease in EPS year-over-year, the growth in sales and the beat on both fronts suggest a positive outlook, likely leading to investor optimism.
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