Northwest Pipe Co. (NWPX) Q1 Earnings Lag Estimates

Core Viewpoint - Northwest Pipe Co. reported quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of$0.53 per share, representing a -26.42% earnings surprise [1] - The company posted revenues of $116.12 million for the quarter, exceeding the Zacks Consensus Estimate by 3.32$113.22 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the current quarter was $0.39, down from$0.52 a year ago [1] - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - Revenue for the quarter was $116.12 million, compared to$113.22 million in the same quarter last year [2] Market Performance - Northwest Pipe Co. shares have declined approximately 11.2% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96, with projected revenues of$130.09 million, and for the current fiscal year, the EPS estimate is $3.41 on revenues of$496.52 million [7] - The Metal Products - Procurement and Fabrication industry is ranked in the top 17% of Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]