Azek Company Inc reports results for the quarter ended March 31 - Earnings Summary

• Azek Company Inc AZEK.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 40 cents to 52 cents per share.

• Revenue rose 8.1% to $452.23 million from a year ago; analysts expected $444.40 million.

• Azek Company Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $54.29 million.

• Azek Company Inc shares had risen by 1.8% this quarter and gained 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "hold"

• Wall Street's median 12-month price target for Azek Company Inc is $53.50

This summary was machine generated from LSEG data May 6 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)