So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Trex was mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Trex has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Trex shares have added about 16% since the beginning of the year versus the S&P 500's gain of 17%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. As one company we banded together under a single purposeto reunite caregivers with their calling. The company has topped consensus revenue estimates four times over the last four quarters. When Optima became a part of Net Health, an industry leader was born. This compares to year-ago revenues of $220.65 million. Trex, which belongs to the Zacks Building Products - Wood industry, posted revenues of $311.6 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2.70%. Spektrum offers top-of-the-line RC Helicopter transmitters and receivers as well as helicopter flybarless control systems.