* Ufp Industries Inc reported quarterly adjusted earnings of $1.96 per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.98. The mean expectation of six analysts for the quarter was for earnings of $1.66 per share. Wall Street expected results to range from $1.44 to $1.77 per share.
* Revenue fell 10.1% to $1.64 billion from a year ago; analysts expected $1.71 billion.
* Ufp Industries Inc's reported EPS for the quarter was $1.96.
* The company reported quarterly net income of $120.79 million.
* Ufp Industries Inc shares had fallen by 5.9% this quarter and lost 7.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 11.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the forest & wood products peer group is also "buy"
Wall Street's median 12-month price target for Ufp Industries Inc is $120.00 This summary was machine generated from LSEG data April 30 at 04:35 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.66 1.96 Beat
Dec. 31 2023 1.65 1.62 Missed
Sep. 30 2023 2.14 2.10 Missed
Jun. 30 2023 2.35 2.36 Beat
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