Recap: Trex Co Q4 Earnings
Portfolio Pulse from Benzinga Insights
Trex Co (NYSE:TREX) reported Q4 earnings, beating estimates with an EPS of $0.2 against an expected $0.19 and seeing a revenue increase of $3.65 million year-over-year. This follows a pattern of surpassing EPS estimates in previous quarters, which has positively impacted its share price.
February 26, 2024 | 9:10 pm
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Trex Co reported higher than expected Q4 earnings with an EPS of $0.2 and a year-over-year revenue increase, continuing its trend of beating earnings estimates.
Trex Co's consistent performance in surpassing earnings estimates, as demonstrated in the past quarters, coupled with the reported revenue increase, suggests a positive short-term impact on its stock price. Historical data indicates that beating earnings estimates has previously led to a positive next-day share price movement.
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