Quanex Building Products (NX) Surpasses Q4 Earnings and Revenue Projections
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Earnings Performance: Quanex Building Products reported quarterly earnings of $0.83 per share, exceeding the Zacks Consensus Estimate of $0.50, and showing a year-over-year increase from $0.61 per share. The company has surpassed consensus EPS estimates three out of the last four quarters.
Revenue Insights: The company generated revenues of $489.85 million for the quarter, surpassing the Zacks Consensus Estimate by 3.78%, although this reflects a slight decline from $492.16 million in the previous year. Quanex has also topped revenue estimates in four of the last four quarters.
Stock Outlook: Despite the recent earnings beat, Quanex shares have declined by about 40.2% year-to-date, contrasting with the S&P 500's 17.1% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Building Products - Miscellaneous industry is currently ranked in the bottom 43% of Zacks industries, suggesting potential challenges ahead. Investors are advised to monitor earnings estimate revisions and industry outlooks, as these factors can significantly impact stock performance.
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Analyst Views on WGO
Wall Street analysts forecast WGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WGO is 44.83 USD with a low forecast of 40.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
4 Buy
4 Hold
0 Sell
Moderate Buy
Current: 46.650
Low
40.00
Averages
44.83
High
51.00
Current: 46.650
Low
40.00
Averages
44.83
High
51.00
About WGO
Winnebago Industries, Inc. manufactures recreation vehicles (RVs) and marine products with a diversified portfolio used primarily in leisure travel and outdoor recreational activities. It also designs and manufacture advanced battery solutions that deliver house power, supporting internal electrical features and appliances for a variety of outdoor products including RVs, boats, specialty and other low-speed vehicles, as well as other industrial applications. Its segments include Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine, Barletta marine, Winnebago specialty vehicles and Lithionics. It produces its towable RV units in Indiana; its motorhome RV units in Iowa and Indiana; its marine units in Indiana and Florida; and its battery solutions in Florida. The Company distributes its RV and marine products primarily through independent dealers throughout the United Statesand Canada, who then retail the products to the end consumer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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