Quanex Building Products Corp reports results for the quarter ended April 30 - Earnings Summary

• Quanex Building Products Corp NX.N reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of four analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 46 cents to 48 cents per share.

• Revenue rose 70% to $452.48 million from a year ago; analysts expected $439.30 million.

• Quanex Building Products Corp's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $20.52 million.

• Quanex Building Products Corp shares had fallen by 7.7% this quarter and lost 29.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Quanex Building Products Corp is $34.50

This summary was machine generated from LSEG data June 5 at 09:00 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)