Seeking Clues to The AZEK Company (AZEK) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts expect The AZEK Company (AZEK) to post quarterly earnings of $0.14 per share in its upcoming report, which indicates a year-over-year increase of 40%. Revenues are expected to be $265.68 million, up 10.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some The AZEK Company metrics that Wall Street analysts commonly model and monitor.Analysts forecast 'Net Sales- Commercial' to reach $14.35 million. The estimate indicates a year-over-year change of -17.7%.The consensus among analysts is that 'Net Sales- Residential' will reach $252.02 million. The estimate points to a change of +13% from the year-ago quarter.Analysts predict that the 'Adjusted EBITDA- Residential' will reach $58.68 million. The estimate compares to the year-ago value of $52.76 million.View all Key Company Metrics for The AZEK Company here>>>Shares of The AZEK Company have demonstrated returns of +7.1% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), AZEK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The AZEK Company Inc. (AZEK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks