Trex Co Q1 2024 GAAP EPS $0.82 Beats $0.71 Estimate, Sales $373.635M Beat $366.729M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trex Co (NYSE:TREX) reported Q1 2024 earnings of $0.82 per share, surpassing the $0.71 estimate, marking a 115.79% increase from last year. Sales reached $373.635M, exceeding the $366.729M forecast and showing a 56.52% increase from the previous year.
May 09, 2024 | 8:11 pm
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Trex Co reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $0.82 and sales at $373.635M, indicating strong year-over-year growth.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, suggests a positive outlook for Trex Co's stock in the short term. The company's performance exceeds analyst expectations, which typically leads to positive investor sentiment and could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100