Benzinga | Jan 20, 2022 07:04AM EST

Recap: Insteel Industries Q1 Earnings



Insteel Indus (NYSE:IIIN) reported its Q1 earnings results on Thursday, January 20, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Insteel Indus beat estimated earnings by 29.67%, reporting an EPS of $1.18 versus an estimate of $0.91, which surprised analysts.

Revenue was up $58.85 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.34, which was followed by a 2.99% drop in the share price the next day.

Here's a look at Insteel Indus's past performance:



Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021EPS Estimate 0.94 0.76 0.48 0.29EPS Actual 1.28 1 0.76 0.45Revenue Estimate 170.62M 154.97M 126.71M 102.78MRevenue Actual 171.26M 160.74M 139.00M 119.61M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.