Recap: Insteel Industries Q1 Earnings

Insteel Indus IIIN reported its Q1 earnings results on Thursday, January 20, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Insteel Indus beat estimated earnings by 29.67%, reporting an EPS of $1.18 versus an estimate of $0.91, which surprised analysts.

Revenue was up $58.85 million from the same period last year.

Last quarter the company beat on EPS by $0.34, which was followed by a 2.99% drop in the share price the next day.

Here's a look at Insteel Indus's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.94	0.76	0.48	0.29
EPS Actual	1.28	1	0.76	0.45
Revenue Estimate	170.62M	154.97M	126.71M	102.78M
Revenue Actual	171.26M	160.74M	139.00M	119.61M

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar