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Northwest Pipe Co. (NWPX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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Northwest Pipe Co. (NWPX - Free Report) reported $110.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.1%. EPS of $0.54 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +4.89% over the Zacks Consensus Estimate of $105.03 million. With the consensus EPS estimate being $0.42, the EPS surprise was +28.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northwest Pipe Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Precast Infrastructure and Engineered Systems: $35.08 million versus the two-analyst average estimate of $32.81 million.
Net Sales- Engineered Steel Pressure Pipe: $75.09 million compared to the $72.22 million average estimate based on two analysts.
Gross profit- Precast Infrastructure and Engineered Systems: $8.13 million versus the two-analyst average estimate of $6.80 million.
Gross profit- Engineered Steel Pressure Pipe: $11.16 million versus $10.72 million estimated by two analysts on average.
Shares of Northwest Pipe Co. have returned -1.1% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Northwest Pipe Co. (NWPX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Northwest Pipe Co. (NWPX - Free Report) reported $110.16 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.1%. EPS of $0.54 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +4.89% over the Zacks Consensus Estimate of $105.03 million. With the consensus EPS estimate being $0.42, the EPS surprise was +28.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northwest Pipe Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Precast Infrastructure and Engineered Systems: $35.08 million versus the two-analyst average estimate of $32.81 million.
- Net Sales- Engineered Steel Pressure Pipe: $75.09 million compared to the $72.22 million average estimate based on two analysts.
- Gross profit- Precast Infrastructure and Engineered Systems: $8.13 million versus the two-analyst average estimate of $6.80 million.
- Gross profit- Engineered Steel Pressure Pipe: $11.16 million versus $10.72 million estimated by two analysts on average.
View all Key Company Metrics for Northwest Pipe Co. here>>>Shares of Northwest Pipe Co. have returned -1.1% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.