Insteel Indus (NYSE:IIIN) reported its Q2 earnings results on Thursday, April 20, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Insteel Indus missed estimated earnings by 43.48%, reporting an EPS of $0.26 versus an estimate of $0.46.
Revenue was down $54.16 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.28 which was followed by a 3.61% increase in the share price the next day.
Here’s a look at Insteel Indus’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 1.81 | 2.08 | 1.26 |
| EPS Actual | 0.57 | 1.24 | 1.96 | 1.99 |
| Revenue Estimate | 177.39M | 231.68M | 240.17M | 189.64M |
| Revenue Actual | 166.90M | 207.99M | 227.17M | 213.21M |
To track all earnings releases for Insteel Indus visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
