Quanex Building Products (NX) Q4 Earnings and Revenues Top Estimates

Core Insights - Quanex Building Products (NX) reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, but down from $0.95 per share a year ago, indicating an earnings surprise of 15.09% [1] - The company achieved revenues of $492.16 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.59% and significantly up from $295.49 million year-over-year [2] - The stock has underperformed the market, losing about 4% since the beginning of the year compared to the S&P 500's gain of 27.6% [4] Earnings Performance - Over the last four quarters, Quanex has consistently surpassed consensus EPS estimates, achieving this four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $426.8 million, and for the current fiscal year, it is $2.26 on revenues of $1.86 billion [8] Market Outlook - The estimate revisions trend for Quanex is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [7] - The outlook for the Building Products - Miscellaneous industry is weak, ranking in the bottom 36% of over 250 Zacks industries, which may negatively impact the stock's performance [9]