Encore Wire (Nasdaq: WIRE ) is expected to report Q4 earnings on Feb. 20. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Encore Wire's revenues will grow 12.6% and EPS will decrease -60.9%.
The average estimate for revenue is $279.5 million. On the bottom line, the average EPS estimate is $0.27.
Last quarter, Encore Wire reported revenue of $269.2 million. GAAP reported sales were 16% lower than the prior-year quarter's $319.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.27. GAAP EPS of $0.27 for Q3 were 54% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.0%, 280 basis points worse than the prior-year quarter. Operating margin was 3.1%, 360 basis points worse than the prior-year quarter. Net margin was 2.1%, 220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.09 billion. The average EPS estimate is $0.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 324 members out of 350 rating the stock outperform, and 26 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Encore Wire a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Encore Wire is outperform, with an average price target of $34.00.
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