Insteel Industries Inc (IIIN, Financial) is set to release its Q4 2024 earnings on Oct 17, 2024. The consensus estimate for Q4 2024 revenue is $145.20 million, and the earnings are expected to come in at $0.49 per share. The full year 2024's revenue is expected to be $540.09 million and the earnings are expected to be $1.35 per share. More detailed estimate data can be found on the Forecast page.
Insteel Industries Inc (IIIN, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Insteel Industries Inc (IIIN) for the full year 2024 have declined from $556.64 million to $540.10 million. For 2025, the estimates have decreased from $570.85 million to $617.33 million. Similarly, earnings estimates for the full year 2024 have been revised downward from $1.41 per share to $1.35 per share, and for 2025, from $2.90 per share to $2.50 per share.
Insteel Industries Inc (IIIN, Financial) Reported History
In the previous quarter of June 30, 2024, Insteel Industries Inc's (IIIN) actual revenue was $145.78 million, which missed analysts' revenue expectations of $153.04 million by -4.75%. Insteel Industries Inc's (IIIN) actual earnings were $0.34 per share, which missed analysts' earnings expectations of $0.46 per share by -26.09%. After releasing the results, Insteel Industries Inc (IIIN) was up by 2.95% in one day.
Insteel Industries Inc (IIIN, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 2 analysts, the average target price for Insteel Industries Inc (IIIN) is $36.50 with a high estimate of $37 and a low estimate of $36. The average target implies an upside of 23.69% from the current price of $29.51.
Based on GuruFocus estimates, the estimated GF Value for Insteel Industries Inc (IIIN, Financial) in one year is $30.41, suggesting an upside of 3.05% from the current price of $29.51.
Based on the consensus recommendation from 1 brokerage firm, Insteel Industries Inc's (IIIN, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
