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Northwest Pipe Company (NWPX) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-11-22 15:16
Core Viewpoint - Northwest Pipe Co. (NWPX) has shown significant stock performance, with a 26.1% increase over the past month and an 82.5% rise since the beginning of the year, outperforming both the Zacks Industrial Products sector and the Zacks Metal Products - Procurement and Fabrication industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.02 against a consensus estimate of $0.85 in its latest earnings report on October 30, 2024, and beating revenue estimates by 2.68% [2]. - For the current fiscal year, Northwest Pipe Co. is projected to achieve earnings of $3.31 per share on revenues of $491.59 million, reflecting a 58.37% increase in EPS and a 10.63% increase in revenues [3]. - The next fiscal year forecasts earnings of $3.49 per share on revenues of $495.79 million, indicating a year-over-year change of 5.34% in EPS and 0.86% in revenues [3]. Valuation Metrics - The stock currently trades at 16.7 times the current fiscal year EPS estimates, which is above the peer industry average of 16.2 times [7]. - On a trailing cash flow basis, the stock trades at 15 times compared to the peer group's average of 8.8 times, and it has a PEG ratio of 3.33, suggesting it is not among the top value stocks [7]. Zacks Rank and Style Scores - Northwest Pipe Co. holds a Zacks Rank of 1 (Strong Buy), supported by favorable earnings estimate revisions from analysts [8]. - The company has a Value Score of C, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of B, indicating potential for investors [6][9].
Can Northwest Pipe Co. (NWPX) Run Higher on Rising Earnings Estimates?
ZACKS· 2024-11-05 18:21
Core Viewpoint - Northwest Pipe Co. (NWPX) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Estimate Revisions - Analysts have shown growing optimism regarding the earnings prospects of Northwest Pipe Co., leading to a rising trend in estimate revisions [2]. - The current-quarter earnings estimate is projected at $0.88 per share, reflecting a year-over-year increase of +62.96%. Over the last 30 days, two estimates have been revised upward, resulting in a 25.71% increase in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate stands at $3.17 per share, indicating a +51.67% change from the previous year. The consensus estimate has increased by 7.1% due to two upward revisions in the past month [5]. Zacks Rank - Northwest Pipe Co. has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with stock performance. Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Stock Performance - The stock has gained 7.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, suggesting it may be a good addition to investment portfolios [7].
Northwest Pipe(NWPX) - 2024 Q3 - Earnings Call Transcript
2024-10-31 22:55
Northwest Pipe Company (NASDAQ:NWPX) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Scott Montross - President & Chief Executive Officer Aaron Wilkins - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Julio Romero - Sidoti & Company Ted Jackson - Northland Securities David Wright - Henry Investment Trust Operator Greetings and welcome to the Northwest Pipe Company Third Quarter 2024 Earnings Call. At this time, all participants are in a ...
Northwest Pipe(NWPX) - 2024 Q3 - Quarterly Report
2024-10-31 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to _______ Commission File Number: 0-27140 NORTHWEST PIPE COMPANY (Exact name of registrant as specified in its charter) Oregon 93-0557988 ...
Northwest Pipe(NWPX) - 2024 Q3 - Earnings Call Presentation
2024-10-31 17:15
Northwest Pipe INVESTOR PRESENTATION JULY 2024 October 2024 www.nwpipe.com INVESTOR PRESENTATION | 2 LEGAL STATEMENTS Statements in this presentation contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on current expectations, estimates, and projections about the Company's business, management's beliefs, and assumptions made by management. These statements are not gu ...
Northwest Pipe Co. (NWPX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-31 01:06
Northwest Pipe Co. (NWPX) reported $130.2 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.7%. EPS of $1.02 for the same period compares to $0.58 a year ago. The reported revenue represents a surprise of +2.68% over the Zacks Consensus Estimate of $126.8 million. With the consensus EPS estimate being $0.85, the EPS surprise was +20.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...
Northwest Pipe Co. (NWPX) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-30 23:01
Northwest Pipe Co. (NWPX) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this steel pipe maker would post earnings of $0.67 per share when it actually produced earnings of $0.86, delivering a surprise of 28.36%. Over the last four quarters, t ...
Northwest Pipe(NWPX) - 2024 Q3 - Quarterly Results
2024-10-30 20:21
Exhibit 99.1 Northwest Pipe Company Announces Third Quarter 2024 Financial Results • Net sales of $130.2 million increased 9.7% year-over-year • Record net sales of $44.3 million for the Precast Infrastructure and Engineered Systems segment ("Precast") • Record gross profit of $27.0 million increased 40.0% year-over-year; gross profit margin of 20.8% • Net income of $1.02 per diluted share • Generated strong net cash provided by operating activities of $22.7 million • Backlog1 of $231 million for the Engine ...
Northwest Pipe Company Announces Third Quarter 2024 Financial Results
Prnewswire· 2024-10-30 20:15
Net sales of $130.2 million increased 9.7% year-over-year Record net sales of $44.3 million for the Precast Infrastructure and Engineered Systems segment ("Precast") Record gross profit of $27.0 million increased 40.0% year-over-year; gross profit margin of 20.8% Net income of $1.02 per diluted share Generated strong net cash provided by operating activities of $22.7 million Backlog1 of $231 million for the Engineered Steel Pressure Pipe segment ("SPP"); backlog including confirmed orders2 of $282 million ...
Northwest Pipe Company to Release Third Quarter 2024 Financial Results on October 30th
Prnewswire· 2024-10-16 20:05
Financial results to be released after market close on October 30, 2024 Conference call to begin at 7:00 a.m. PT on October 31, 2024 VANCOUVER, Wash., Oct. 16, 2024 /PRNewswire/ -- Northwest Pipe Company (NASDAQ: NWPX), a leading manufacturer of water-related infrastructure products, announced today that it intends to release its financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 2024. Scott Montross, Northwest Pipe Company's President and Chief Executive Officer, and ...