Insights Into The AZEK Company (AZEK) Q4: Wall Street Projections for Key Metrics
In its upcoming report, The AZEK Company (AZEK) is predicted by Wall Street analysts to post quarterly earnings of $0.30 per share, reflecting an increase of 87.5% compared to the same period last year. Revenues are forecasted to be $370.76 million, representing a year-over-year increase of 21.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain The AZEK Company metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Commercial' at $39.19 million. The estimate indicates a change of -22.3% from the prior-year quarter.
The consensus estimate for 'Net Sales- Residential' stands at $329.01 million. The estimate suggests a change of +29.4% year over year.
Analysts predict that the 'Adjusted EBITDA- Commercial' will reach $9.45 million. The estimate compares to the year-ago value of $14.56 million.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Residential' of $100.27 million. Compared to the current estimate, the company reported $64.50 million in the same quarter of the previous year.
View all Key Company Metrics for The AZEK Company here>>>
Shares of The AZEK Company have experienced a change of +19.8% in the past month compared to the +7.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), AZEK is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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The AZEK Company Inc. (AZEK) : Free Stock Analysis Report
