Trex Company, Inc. (NYSE:TREX) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.38 per share.
For the full year, analysts predict revenues of $ 826.53 million, while looking forward to income of $ 1.45 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 215.00 million ~ $ 225.00 million
Click Here For More Historical Outlooks Of Trex Company, Inc.
Previous Quarter Performance
Trex Company, Inc. came out with income for the second quarter of $ 0.81 per share, from the revenue of $ 220.65 million. The quarterly earnings escalated 26.56 percent while revenues raised 6.88 percent compared with the same quarter last year.
Wall street analysts are predicting, TREX to report 2Q20 income of $ 0.65 per share from revenue of $ 200.73 million. The bottom line results beat street analysts by $ 0.16 or 24.62 percent, at the same time, top line results outshined analysts by $ 19.92 million or 9.92 percent.
Stock Performance
On Friday, shares of Trex Company, Inc. has traded high as $ 72.63 and has cracked $ 68.55 on the downward trend, reaching $ 69.55 with volume of 647.10 thousand shares.
According to the previous trading day, closing price of $ 69.55, representing a 154.25 % increase from the 52 week low of $ 28.11 and a 12.02 % decrease over the 52 week high of $ 81.23.
The company has a market capital of $ 8.05 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 22nd September 2020, maintained by Deutsche Bank at Hold rating, with $ 72.00 target price.
Conference Call
Trex Company, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trex.com
Trex Company, Inc. manufactures and distributes wood/plastic composite products, and related accessories primarily for the residential and commercial decking, and railing applications in the United States. It offers Trex Transcend, Trex Enhance, and Trex Select protective shells for protection against fading, staining, mold, and scratching; and Trex Hideaway, a hidden fastening system for grooved boards.
