Banking

Composite-Decking Supplier Trex Stock In Buy Zone With Earnings Due

Trex (TREX) is in a potential buy area with its next quarterly earnings report due on May 10.

The composite-decking supplier stock is trading near the top of the buy zone, at around a 107.74 entry point from a fourth-stage cup without handle. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 




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Understand that buying just before a stock reports is risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can reduce your exposure by waiting to see the actual numbers and the market’s reaction.


Looking For The Best Stocks To Buy And Watch? Start Here


Earnings grew 19% last quarter, up from 14% in the prior report. Revenue also increased, from 19% to 39%.

Consensus analyst estimates call for EPS growth of 2% for the quarter, and 21% growth for the full year. Earnings estimates for the full year were recently revised upward.

Trex stock has a 97 Composite Rating and holds the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore (ATKR) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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