American Woodmark (AMWD) Q3 Earnings and Revenues Beat Estimates

Core Viewpoint - American Woodmark (AMWD) reported quarterly earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and showing an increase from $1.46 per share a year ago, indicating strong performance in the recent quarter [1] Financial Performance - The company achieved revenues of $422.1 million for the quarter ended January 2024, surpassing the Zacks Consensus Estimate by 15.05%, although this represents a decline from $480.71 million in the same quarter last year [1] - Over the last four quarters, American Woodmark has consistently exceeded consensus EPS and revenue estimates [1] Stock Performance - American Woodmark shares have increased approximately 8.8% since the beginning of the year, outperforming the S&P 500's gain of 6.3% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.18 on revenues of $452.2 million, and for the current fiscal year, it is $8.47 on revenues of $1.79 billion [4] - The trend of estimate revisions for American Woodmark is mixed, which may change following the recent earnings report [4] Industry Context - The Furniture industry, to which American Woodmark belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact the stock's performance [5]