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 ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Northwest Pipe Co. (NWPX) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question. Northwest Pipe Co. is a member of the Industrial Products sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Northwest Pipe Co. (NWPX) closed the last trading session at $38.68, gaining 17.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $48.67 indicates a 25.8% upside potential. The average comprises three short-term price targets ranging from a low of $48 to a high of $50, with a standard deviation of $1.15. While the lowest estimate indicates an increase of 24.1% from the current pri ...

Northwest Pipe Co. (NWPX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this steel pipe maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimat ...

Investors might want to bet on Northwest Pipe Co. (NWPX) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Northwest Pipe Company (NASDAQ:NWPX) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Scott Montross - President and CEO Aaron Wilkins - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti Brent Thielman - D.A. Davidson Ted Jackson - Northland Securities David Wright - Henry Investment Trust Operator Good morning and welcome to Northwest Pipe Company's Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operato ...

Company Overview - Northwest Pipe Company is a leading manufacturer of water-related infrastructure products, founded in 1966 and headquartered in Vancouver, WA[2] - The company has 13 strategically located manufacturing facilities, with twelve in the U S and one in San Luis Rio Colorado, Mexico[2] Market Opportunity - The total addressable market for steel pressure pipe is estimated at $3 billion to $5 billion, with NWPX holding approximately 56% market share, representing $296 million in revenue[9] - The total addressable market for concrete pipe and precast is estimated at $450 million to $600 million, with NWPX holding approximately 4% market share, representing $148 million in revenue[9] - Federal awards totaling $31 billion are designated for utilities level projects, funded by the Infrastructure Investment and Jobs Act (IIJA)[5] - The 7th Drinking Water Infrastructure Needs Survey and Assessment (DWINSA) in 2021 estimated the total state need for water infrastructure across the U S at $625 billion, a 32% increase over the 6th DWINSA in 2015[30] Financial Performance - The company's backlog including confirmed orders for the Engineered Steel Pressure Pipe segment is $348 million[19] - The order book for the Precast Infrastructure and Engineered Systems segment is $62 million[19] - The company repurchased approximately 18,000 shares of common stock for $06 million in Q2 2024, and approximately 174,000 shares for $51 million since the authorization of the share repurchase program in November 2023[16] Growth Strategy - The company is pursuing a "Product Spread" strategy to build out capacity utilization at ParkUSA plants in Texas, with approximately $5 million of orders booked outside of Texas year-to-date as of June 30, 2024[14] - The company is evaluating potential M&A in the precast-related market with the goal of Precast becoming the same size as the SPP business[16]