The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Encore Wire's revenues will drop -3.7% and EPS will increase 172.7%.
The average estimate for revenue is $255.0 million. On the bottom line, the average EPS estimate is $0.30.
Last quarter, Encore Wire reported revenue of $265.4 million. GAAP reported sales were 5.4% lower than the prior-year quarter's $280.5 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 $0.31. GAAP EPS of $0.31 for Q1 were 6.9% higher than the prior-year quarter's $0.29 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 9.2%, 50 basis points better than the prior-year quarter. Operating margin was 3.4%, 10 basis points better than the prior-year quarter. Net margin was 2.4%, much about the same as the prior-year quarter.
The full year's average estimate for revenue is $1.03 billion. The average EPS estimate is $1.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 323 members out of 348 rating the stock outperform, and 25 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Encore Wire a green thumbs-up, and five 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 $40.00.
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