Insteel Indus IIIN is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.
Analysts estimate that Insteel Indus will report an earnings per share (EPS) of $0.31.
The market awaits Insteel Indus's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Past Earnings Performance
Last quarter the company missed EPS by $0.09, which was followed by a 2.53% drop in the share price the next day.
Here's a look at Insteel Indus's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.43 | 0.29 | 0.05 | 0.70 |
| EPS Actual | 0.34 | 0.35 | 0.06 | 0.29 |
| Price Change % | -3.0% | 2.0% | 0.0% | -0.0% |
Market Performance of Insteel Indus's Stock
Shares of Insteel Indus were trading at $29.51 as of October 15. Over the last 52-week period, shares are down 0.27%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Insteel Indus visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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