IIIN Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Insteel Industries (IIIN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Insteel Industries (IIIN) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.26 per share a year ago.

Insteel Industries (IIIN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Insteel Industries (IIIN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its first quarter 2024 earnings conference call will be webcast live over the internet on Thursday, January 18, 2024, at 10:00 a.m. ET following the release of the Company's first quarter financial results at 6:30 a.m. ET on that same day. The conference call can be accessed on the Company's website at https://investor.insteel.com and will be archived for replay. About Insteel Insteel is the nation's la.

Insteel Industries Inc. is close to the bottom of the cycle and there is potential for sequential improvement as FY24 progresses. Inventory destocking among distributors is almost over, which will be one less headwind for the company. The federal government's stimulus and infrastructure projects are expected to fuel growth in the construction industry, benefiting Insteel Industries.

Insteel Industries, Inc. (IIIN) Q4 2023 Earnings Call Transcript