Quanex Building Products (NYSE: NX) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.29%. A quarter ago, it was expected that this housing materials maker would post earnings of $0.53 per share when it actually produced earnings of $0.66, delivering a surprise of 24.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Quanex, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $280.35 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $299.64 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings ...
