Core Insights - Insteel Industries reported quarterly earnings of $0.74 per share, slightly missing the Zacks Consensus Estimate of $0.75 per share, but showing significant growth from $0.24 per share a year ago [1][2] - The company posted revenues of $177.44 million for the quarter, which was below the Zacks Consensus Estimate by 1.09%, but an increase from $134.3 million in the same quarter last year [3] Earnings Performance - The earnings surprise for the quarter was -1.33%, following a previous quarter where the company exceeded expectations with a surprise of +14.71% [2] - Over the last four quarters, Insteel Industries has surpassed consensus EPS estimates three times [2] Revenue Insights - The revenue growth of Insteel Industries reflects a year-over-year increase, having topped consensus revenue estimates three times in the last four quarters [3] Stock Performance - Insteel Industries shares have appreciated approximately 39% since the beginning of the year, outperforming the S&P 500, which gained 13.4% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $161.7 million, and for the current fiscal year, it is $2.98 on revenues of $748.09 million [8] - The Zacks Rank for Insteel Industries is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Wire and Cable Products industry, to which Insteel Industries belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]
Insteel Industries (IIIN) Lags Q4 Earnings and Revenue Estimates