Core Viewpoint - The AZEK Company Inc. is expected to report strong second-quarter fiscal 2024 results, with significant year-over-year growth in earnings and net sales driven by its Residential segment despite challenges in the Commercial segment [1][2][3]. Revenue Performance - The Zacks Consensus Estimate for adjusted earnings per share has increased to 38 cents, reflecting a 111.1% rise from 18 cents in the same quarter last year [2]. - Net sales are projected at $414.7 million, indicating a 9.8% increase from $377.7 million reported in the prior year [2]. - The Residential segment is expected to generate net sales of $396 million, a 15.8% year-over-year growth, while the Commercial segment's sales are anticipated to decline to $16.8 million from $35.6 million a year ago [4]. Factors Influencing Growth - The growth in revenues is attributed to strong performance in the Residential segment, driven by material conversion, recent shelf space gains, and new product innovations [3]. - Demand in product categories such as Deck, Rail & Accessories, and Exteriors is expected to support revenue growth, although the divestiture of the Vycom business has negatively impacted the Commercial segment [3][4]. Margin Expectations - The company anticipates adjusted EBITDA between $108 million and $112 million, with an adjusted EBITDA margin of 26.5% to 27.1%, compared to $72.8 million and 19.3% in the same quarter last year [5]. Earnings Prediction Insights - The current model indicates that AZEK may not achieve an earnings beat this quarter, as it lacks a positive Earnings ESP and a strong Zacks Rank [6].

Wall Street analysts expect The AZEK Company (AZEK) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 111.1%. Revenues are expected to be $414.7 million, up 9.8% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...

In the latest market close, The AZEK Company (AZEK) reached $45, with a +0.63% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.87%. Meanwhile, the Dow gained 0.67%, and the Nasdaq, a tech-heavy index, added 1.11%.The the stock of company has fallen by 9.62% in the past month, lagging the Construction sector's loss of 5.9% and the S&P 500's loss of 3.97%.The investment community will be closely monitoring the performance of The AZEK Company in its forthcoming earnings re ...

Core Viewpoint - The AZEK Company (AZEK) has experienced a significant downtrend with a 9.6% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for AZEK is currently at 28.24, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [4]. - A stock is generally considered oversold when its RSI falls below 30, and this technical indicator helps identify potential entry points for investors [2]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that AZEK will report better earnings than previously predicted, with a 1.4% increase in the consensus EPS estimate over the last 30 days [4]. - AZEK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a near-term turnaround [5].

The AZEK Company (AZEK) closed at $46.20 in the latest trading session, marking a -0.13% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.The the stock of company has fallen by 2.92% in the past month, lagging the Construction sector's loss of 1.74% and the S&P 500's loss of 0.9%.The investment community will be paying close attention to the earnings performance of The AZE ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today April 16th:Sterling Infrastructure, Inc. (STRL) : This company which specializes in E-Infrastructure, Building and Transportation Solutions principally in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and the Rocky Mountain States, California and Hawaii, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasi ...

The Zacks Building Products - Air Conditioner & Heating industry stands at a strategic vantage point to leverage the prevailing mega-trends and opportunities tied to the energy transition and the burgeoning pro-environmental movement. As we progress into 2024 and beyond, companies within this industry are witnessing a surge in demand for renewable energy solutions, presenting lucrative avenues for expansion. Despite grappling with inflationary pressures, key players such as Comfort Systems USA, Inc. (FIX) a ...

The AZEK Company (AZEK) closed the latest trading day at $50.17, indicating a +0.82% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq appreciated by 0.03%.Coming into today, shares of the company had gained 1.76% in the past month. In that same time, the Construction sector gained 4.37%, while the S&P 500 gained 2.57%.The upcoming earnings release of The AZEK Company wi ...

Wirestock/iStock via Getty Images The Thesis The AZEK Company (NYSE:AZEK) experienced robust growth in the decking business during the quarter. Sell-through growth was also strong, which benefited the company's topline. I believe this growth to continue further in FY24 benefiting the company's revenue in the near term. The long term also looks good due to anticipated benefits from strategic initiatives including new product development and shelf space share gains, strong market position of the company i ...

Group 1 - Powell Industries (POWL) is a strategic supplier for complex systems in electrical energy distribution, with a Zacks Rank 1 (Strong Buy) and a 44.2% increase in current year earnings estimate over the last 60 days [1] - Powell Industries has a PEG ratio of 1.46, lower than the industry average of 1.67, and possesses a Growth Score of A [1] - Ultrapar Participacoes (UGP) is a major Brazilian industrial group and a leading distributor of liquefied petroleum gas, also holding a Zacks Rank 1, with a 28.0% increase in current year earnings estimate over the last 60 days [1][2] Group 2 - Ultrapar Participacoes has a PEG ratio of 3.56, slightly lower than the industry average of 3.76, and possesses a Growth Score of A [2] - AZEK (AZEK) manufactures residential and commercial building products, also holding a Zacks Rank 1, with a 21.1% increase in current year earnings estimate over the last 60 days [2] - AZEK has a PEG ratio of 1.41, significantly lower than the industry average of 2.15, and possesses a Growth Score of B [2]