Why Quanex Building Products' Shares Plunged

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of aluminum sheet product maker Quanex Building Products (NYSE: NX  ) fell as much as 13% today after the company reported earnings.

So what: Revenue rose 15% from a year ago, to $185.7 million, which was ahead of the $176.8 million consensus estimate. But the company lost $0.17 per share, which was worse than the $0.06 per share loss analysts expected.  

Now what: The company is still bullish on U.S. housing, but thinks window shipments will only improve 5% this year, below some forecasts. That puts a lid on the company's upside and, with losses already pouring down, investors aren't going to bid up shares without seeing more growth. I don't see a reason to buy today, and even the $0.45 per share profit estimate for 2013 looks steep after today's results.

Interested in more info on Quanex Building Products? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2300794, ~/Articles/ArticleHandler.aspx, 10/1/2016 12:00:07 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 14 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
NX $17.26 Up +0.22 +1.29%
Quanex Building Pr… CAPS Rating: No stars