Trex Co Q3 2024 GAAP EPS $0.37 Beats $0.32 Estimate, Sales $233.717M Beat $225.394M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trex Co reported Q3 2024 earnings per share of $0.37, surpassing the analyst estimate of $0.32. Sales were $233.717 million, exceeding the expected $225.394 million, despite a 23.08% decrease from the previous year.
October 28, 2024 | 8:12 pm
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Trex Co's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.37 and sales at $233.717M. However, sales decreased by 23.08% compared to last year.
Trex Co's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. However, the significant year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100