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Post# of 113856
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researcher59

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researcher59

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Wednesday, 02/15/2023 1:20:34 PM

Wednesday, February 15, 2023 1:20:34 PM

Post# of 113856
WIRE +17 to 187, a new all time high, after posting EPS of $8.28 for Q4, way ahead of estimates. Strong copper prices continue to help gross margins ..... wish I still owned the stock.

briefing -

Encore Wire beats by $2.45 (two ests), beats on revs (two ests) (169.82 +1.83) :

Reports Q4 (Dec) earnings of $8.28 per share, $2.45 better than the two analyst estimate of $5.83; revenues rose 0.9% year/year to $693.89 mln vs the $631.04 mln two analyst estimate.
Copper volume sold increased 7.9% over fourth quarter of 2021.
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