REX (REX) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - REX reported quarterly earnings of $1.38 per share, significantly exceeding the Zacks Consensus Estimate of $0.72 per share, marking an earnings surprise of 91.67% [1][2] Financial Performance - REX's revenues for the quarter ended October 2024 were $174.88 million, surpassing the Zacks Consensus Estimate by 9.99%, although this represents a decline from $221.08 million in the same quarter last year [2] - The company has consistently outperformed consensus EPS estimates over the last four quarters [2] Stock Performance - REX shares have declined approximately 8.1% since the beginning of the year, contrasting with the S&P 500's gain of 26.8% [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.61 on revenues of $159 million, and for the current fiscal year, it is $2.60 on revenues of $627 million [8] - The estimate revisions trend for REX is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Biofuels industry, to which REX belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, suggesting potential challenges ahead [9]