Building products company Quanex (NYSE:NX) will be reporting results tomorrow after market close. Here’s what to expect.
Quanex met analysts’ revenue expectations last quarter, reporting revenues of $492.2 million, up 66.6% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.
Is Quanex a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Quanex’s revenue to grow 60% year on year to $382.6 million, a reversal from the 8.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Quanex has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Quanex’s peers in the home construction materials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Owens Corning delivered year-on-year revenue growth of 23.3%, beating analysts’ expectations by 2.7%, and Trex reported a revenue decline of 14.4%, topping estimates by 4.4%. Owens Corning traded down 4% following the results while Trex was up 1.1%.
Read our full analysis of Owens Corning’s results here and Trex’s results here.
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