Can Trex Stock Keep Going After Last Week's 16% Pop?
Sometimes the opportunity lies not on the ceiling but the floor. Shares of Trex (NYSE: TREX) soared 16.45% higher last week, fueled by a financial report showing its heartiest top-line growth in three years.
The leader of wood-alternative composite decking saw its revenue for the third quarter soar 32% to $140.2 million. You have to go back to the third quarter of 2014 to find the last time Trex's top line was growing this quickly. Trex's guidance was only calling for $126 million in revenue. Adjusted earnings rose 34% to $0.68 a share. Trex doesn't offer up a bottom-line forecast, but analysts were only holding out for a profit of $0.55 a share.
Source: Fool.com
Trex Co. Inc. Stock
€75.70
-0.130%
The community is currently still undecided about Trex Co. Inc. with 1 Buy predictions and 0 Sell predictions.
With a target price of 100 € there is a positive potential of 32.1% for Trex Co. Inc. compared to the current price of 75.7 €.
