Insteel Industries (IIIN) Surpasses Q1 Earnings and Revenue Estimates

Company Performance - Insteel Industries reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of a loss of$ 0.03 per share, and up from earnings of $0.06 per share a year ago [1] - The earnings surprise was 433.33%, with the company having surpassed consensus EPS estimates two times over the last four quarters [2] - Revenues for the quarter ended December 2024 were$ 129.72 million, surpassing the Zacks Consensus Estimate by 9.24%, compared to $121.73 million in the same quarter last year [3] Market Performance - Insteel Industries shares have declined approximately 8.1% since the beginning of the year, while the S&P 500 has gained 1.2% [4] - The current Zacks Rank for Insteel Industries is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.24 on revenues of $149.04 million, and for the current fiscal year, it is$ 1.11 on revenues of $604.84 million [8] - The outlook for the Wire and Cable Products industry, where Insteel operates, is currently in the bottom 7% of over 250 Zacks industries, which may impact stock performance [9]