Trex Company, Inc. (NYSE:TREX) is reporting second quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.65 per share.
For the full year, analysts predict revenues of $ 762.14 million, while looking forward to income of $ 2.67 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 180.00 million ~ $ 190.00 million
Click Here For More Historical Outlooks Of Trex Company, Inc.
Previous Quarter Performance
Trex Company, Inc. unwinded income for the first quarter of $ 0.73 per share, from the revenue of $ 200.40 million. The quarterly earnings grew 35.19 percent while revenues swell 11.60 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.61 per share from $ 197.71 million in revenue. The bottom line results beat street analysts by $ 0.12 or 19.67 percent, at the same time, top line results outshined analysts by $ 2.69 million or 1.36 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TREX was $ 139.33, representing a 147.83 % increase from the 52 week low of $ 56.22 and a 1.25 % decrease over the 52 week high of $ 141.09.
The company has a market capital of $ 8.06 billion and is part of the Basic Materials sector and Building Materials industry.
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Recent Analyst recommendations
- On 7th July 2020, upgraded by Robert W. Baird to Outperform from Neutral rating.
- On 7th July 2020, initiated by Barclays at Equal-Weight rating, with $ 134.00 target price.
- On 18th June 2020, maintained by Benchmark at Buy rating, with $ 136.00 target price.
Conference Call
Trex Company, Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 2Q20 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.
