Insteel Indus (NYSE:IIIN) reported its Q1 earnings results on Thursday, January 20, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Insteel Indus beat estimated earnings by 29.67%, reporting an EPS of $1.18 versus an estimate of $0.91, which surprised analysts.
Revenue was up $58.85 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.34, which was followed by a 2.99% drop in the share price the next day.
Here's a look at Insteel Indus's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.94 | 0.76 | 0.48 | 0.29 |
| EPS Actual | 1.28 | 1 | 0.76 | 0.45 |
| Revenue Estimate | 170.62M | 154.97M | 126.71M | 102.78M |
| Revenue Actual | 171.26M | 160.74M | 139.00M | 119.61M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
