Insteel Indus IIIN will report its latest quarterly results on Thursday, January 19, 2023. Here’s what investors should know before the announcement.
Analysts believe Insteel Indus earnings per share (EPS) $0.85.
Insteel Indus bulls expect the company to not only beat its estimates, but to announce that it will provide forward-looking guidance or projected growth for the next quarter.
New investors should be aware that it is guidance (or forecasts), not earnings fluctuations, that most affect stock prices.
Earnings performance in the past
The company underperformed EPS by $0.57 last quarter and the stock fell 3.87% the following day.
Insteel Indus historical performance and resulting price movements are as follows:
| quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS forecast | 1.81 | 2.08 | 1.26 | 0.91 |
| EPS results | 1.24 | 1.96 | 1.99 | 1.18 |
| price volatility | -3.87% | -7.28% | -2.44% | 0.86% |
| quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS forecast | 1.81 | 2.08 | 1.26 | 0.91 |
| EPS results | 1.24 | 1.96 | 1.99 | 1.18 |
| price volatility | -3.87% | -7.28% | -2.44% | 0.86% |
stock performance
Shares of Insteel Indus were trading at $31.14 as of January 16th. Over the past 52 weeks, the stock has fallen 21.08%. Given that these returns are generally negative, long-term shareholders may be bearish heading into this earnings release.
To track all Insteel Indus earnings releases, visit the earnings calendar on the site.
This article was generated by Benzinga’s automated content engine and reviewed by editors.
