The research analysts working at B. Riley have already prescribed estimates into the Q1 EPS of TREX in a research report. The report was sent out to investors and clients on the 23rd of February. A. Rygiel, the analyst from B. Riley has already forecasted that the company would be putting up an EPS of $0.42. The brokerage firm has also put out the estimates for the Q2 earnings at $0.46, the Q3 earnings at $0.45, and the FY 2022 earnings at an EPS of $2.
The Quarterly Earnings Of TREX
The company had previously announced their results of quarterly earnings on the 21st of February. The EPS reported by the company for the quarter was $0.37, which was more than the consensus estimate set by Zacks which was $0.36. The net margin of the company was 20.53%, with a 35.52% return on its equity. The revenue earned by the company over the quarter was $228.29 million, with a $215.99 million consensus estimate.
There have been quite a few companies that have commented on TREX. BMO Capital Markets has already put up a $90 price target on the company, with a rating of outperform. Zacks Investment Research has also reduced the rating of the company from buy to hold in a 27th January research report. Exane BNP Paribas went the other way, as they increased the rating of the company from underperform to neutral, along with a $71 price target set.
Thirteen of the investment analysts have already given the stocks a rating of hold, while three others have issued the rating which has a buy rating. Currently, the rating of the company is hold with an $80.78 price target.
The stocks of TREX opened on Wednesday at $91.16. The year low of the company has been fixed at $96.58, while the year high has been set at $107.64. The market cap of the firm is $10.56 billion, with a 63.09 PE ratio.
