Quanex Building Products Earnings Preview
While Quanex Building Products (NYS: NX) missed estimates last quarter, investors hope that it will bounce back and outpace Wall Street expectations this quarter. The company will unveil its latest earnings on Thursday, Feb. 23. Quanex Building Products manufactures aluminum flat-rolled products, flexible insulating glass spacer systems, thin-film solar panel sealants, extruded plastic profiles, and precision-formed metal and wood products.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Quanex Building Products with five of eight analysts rating it hold. Analysts don't like Quanex Building Products as much as competitor NCI Building Systems overall. One out of two analysts rate NCI Building Systems a buy compared to three of eight for Quanex Building Products. Quanex Building Products' rating hasn't changed over the past three months.
- Revenue forecasts: On average, analysts predict $182.9 million in revenue this quarter. That would represent a rise of 14.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.03 per share. Estimates range from a loss of $0.10 to a profit of $0.01.
What our community says:
CAPS All-Stars are solidly behind the stock, with 95.9% giving it an "outperform" rating. The community at large backs the All-Stars, with 85.5% awarding it a rating of "outperform." Despite the majority sentiment in favor of Quanex Building Products, the stock has a middling CAPS rating of three out of five stars.
Revenue has now gone up for three straight quarters.
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At the time this article was published
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