Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Encore Wire (WIRE) Reports Earnings Tomorrow: What To Expect

WIRE Cover Image

Cables and wires manufacturer Encore Wire (NASDAQ:WIRE) is expected to be reporting earnings tomorrow afternoon. Here’s what investors should know.

Encore Wire beat analysts’ revenue expectations by 7.3% last quarter, reporting revenues of $632.7 million, down 4.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ earnings estimates.

Is Encore Wire a buy or sell going into earnings? Read our full analysis here, it’s free.

Encore Wire Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Encore Wire has missed Wall Street’s revenue estimates twice over the last two years.

With Encore Wire being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for electrical equipment stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.