Insteel Indus's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Insteel Industries (NYSE:IIIN) is set to release its quarterly earnings report on October 17, 2024. Analysts expect an EPS of $0.31. The market is hopeful for results that surpass estimates and positive guidance for the next quarter. Last quarter, the company missed EPS by $0.09, leading to a 2.53% drop in share price. Currently, shares are trading at $29.51, down 0.27% over the past year.
October 16, 2024 | 3:02 pm
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Insteel Industries is set to announce its earnings on October 17, 2024, with an expected EPS of $0.31. The market is optimistic about the company surpassing estimates and providing positive guidance. Last quarter's EPS miss led to a 2.53% drop in share price.
The upcoming earnings report is crucial for Insteel Industries as it could influence short-term stock price movements. The market is hopeful for a positive surprise, but past performance shows volatility following earnings announcements. The stock's recent performance and the importance of guidance suggest a neutral short-term impact until the actual results are released.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100