Trex Co Inc (NYSE: TREX) has reported earnings for its first fiscal quarter (ending March 31) of $0.82 versus $0.38 for the same period a year ago — an increase of 116%. This result exceeded the consensus estimate of $0.80 by $0.02. For the latest four quarters through March 31, E.P.S. were $2.33 versus $1.39 for the same period a year ago — an increase of 68%.
Recent Price Action
Trex Co Inc (NYSE: TREX) stock enjoyed a large increase of 2.9% on 5/9/24. The stock closed at $93.41. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.8% during the last week.
Current PriceTarget Research Rating
TREX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trex has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Trex has a very low Appreciation Score of 12 but a very high Power Rating of 88, triggering the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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