• Insteel Industries Inc IIIN.N reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of two analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 25 cents to 29 cents per share.

• Revenue rose 26.1% to $160.66 million from a year ago; analysts expected $149.85 million.

• Insteel Industries Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $10.23 million.

• Insteel Industries Inc shares had risen by 1.6% this quarter and lost 1.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "hold"

• Wall Street's median 12-month price target for Insteel Industries Inc is $39.00

This summary was machine generated from LSEG data April 17 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)