Exploring Trex Co's Earnings Expectations

Trex Co (NYSE:TREX) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.

Analysts estimate that Trex Co will report an earnings per share (EPS) of $0.32.

Anticipation surrounds Trex Co's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $0.02, leading to a 21.54% drop in the share price the following trading session.

Here's a look at Trex Co's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.78

0.71

0.19

0.50

EPS Actual

0.80

0.82

0.20

0.57

Price Change %

-22.0%

-6.0%

-2.0%

2.0%

Market Performance of Trex Co's Stock

Shares of Trex Co were trading at $64.14 as of October 24. Over the last 52-week period, shares are up 16.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Trex Co

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Trex Co.

The consensus rating for Trex Co is Neutral, derived from 13 analyst ratings. An average one-year price target of $79.54 implies a potential 24.01% upside.

Analyzing Analyst Ratings Among Peers

In this analysis, ...