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

• Trex Company Inc TREX.N reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 53 cents to 66 cents per share.

• Revenue fell 9% to $339.99 million from a year ago; analysts expected $328.88 million.

• Trex Company Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $60.43 million.

• Trex Company Inc shares had fallen by 2.7% this quarter and lost 18.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 10 "hold" and 1 "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 Trex Company Inc is $68.90

This summary was machine generated from LSEG data May 8 at 09:01 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)