TREX Stock Recent News

Trex (TREX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Trex (TREX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Improving inflation and stable interest rates are likely to contribute to the construction sector, going forward. Let's check why investors are more inclined to DFH, STRL, BLD, IBP and TREX this year.

Downgrading Trex stock from BUY to HOLD due to fully priced at current levels. Nevertheless, Trex is operating exceptionally well, and is positioned better going into 2024 than it was 2023. The company is leaning into an old market opportunity - railing. And has recently introduced a slew of new products which will drive growth.

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

Bryan Fairbanks, Trex CEO, joins 'The Exchange' to discuss the company's higher shares, the state of the home improvement market, and more.

Trex (NYSE:TREX) Company Inc shares rose 4% to $57.30 in early Tuesday trading after the provider of eco-friendly decking and railing reported third quarter 2023 net sales that surged 61% to $304 million, surpassing the consensus analyst forecast by nearly $14 million.  Its adjusted earnings per share (EPS) of $0.57, meanwhile, also exceeded expectations by $0.07.

Trex Company, Inc. (NYSE:TREX ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Viktoriia Nakhla - IR Bryan Fairbanks - President & CEO Amy Fernandez - Vice President, General Counsel Brad McDonald - Chief Accounting Officer Kara Strosnider - Director of Financial Planning and Analysis Amy Fernandez - Vice President, General Counsel Brenda Lovcik - Senior Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Susan Maklari - Goldman Sachs Ryan Merkel - William Blair Joseph Ahlersmeyer - Deutsche Bank Jeffrey Stevenson - Loop Capital Keith Hughes - SunTrust Robinson Humphrey Noah Murkowsko - Stephens Alexander Rygiel - B. Riley Philip Ng - Jefferies Stanley Elliott - Stifel Tim Wojs - Baird Rafe Jadrosich - Bank of America Michael Rehaut - JPMorgan Kurt Yinger - D.A.

Trex (TREX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.14 per share a year ago.

Investors looking for stocks in the Building Products - Wood sector might want to consider either JELD-WEN (JELD) or Trex (TREX). But which of these two stocks presents investors with the better value opportunity right now?