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Northwest Pipe Co. (NWPX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Northwest Pipe Co. (NWPX - Free Report) reported $113.22 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $0.52 for the same period compares to $0.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $103.2 million, representing a surprise of +9.70%. The company delivered an EPS surprise of +52.94%, with the consensus EPS estimate being $0.34.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $33.21 million compared to the $34.94 million average estimate based on two analysts.
Net Sales- Engineered Steel Pressure Pipe: $80.01 million versus $68.27 million estimated by two analysts on average.
Gross profit- Precast Infrastructure and Engineered Systems: $5.89 million versus the two-analyst average estimate of $7.69 million.
Gross profit- Engineered Steel Pressure Pipe: $14.24 million versus $9.56 million estimated by two analysts on average.
Shares of Northwest Pipe Co. have returned -9.3% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Northwest Pipe Co. (NWPX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Northwest Pipe Co. (NWPX - Free Report) reported $113.22 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $0.52 for the same period compares to $0.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $103.2 million, representing a surprise of +9.70%. The company delivered an EPS surprise of +52.94%, with the consensus EPS estimate being $0.34.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $33.21 million compared to the $34.94 million average estimate based on two analysts.
- Net Sales- Engineered Steel Pressure Pipe: $80.01 million versus $68.27 million estimated by two analysts on average.
- Gross profit- Precast Infrastructure and Engineered Systems: $5.89 million versus the two-analyst average estimate of $7.69 million.
- Gross profit- Engineered Steel Pressure Pipe: $14.24 million versus $9.56 million estimated by two analysts on average.
View all Key Company Metrics for Northwest Pipe Co. here>>>Shares of Northwest Pipe Co. have returned -9.3% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.