Quanex Building Products (NX) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - Quanex Building Products (NX) reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of$ 0.48 per share, but down from $0.66 per share a year ago, indicating a 25% earnings surprise [1]. Financial Performance - The company achieved revenues of$ 452.48 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.77%, and showing a significant increase from $266.2 million year-over-year [2]. - Over the last four quarters, Quanex has consistently surpassed consensus EPS estimates and revenue estimates [2]. Stock Performance and Outlook - Quanex shares have declined approximately 29.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3]. - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4]. Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is$ 0.85 on revenues of $490.8 million, and for the current fiscal year, it is$ 2.55 on revenues of $1.84 billion [7]. - The estimate revisions trend for Quanex is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]. Industry Context - The Building Products - Miscellaneous industry, to which Quanex belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].