Northwest Pipe Company Up 4.86% To $30.85 After Earnings Beat

Northwest Pipe Company (NWPX) reported better than expected earnings this afternoon for Q2 2022.

Northwest Pipe Company's earnings came in at an EPS of $1.04 per share, 42.00% higher than estimates for an EPS of $0.73 per share. The firm's earnings are up 395% since reporting $0.21 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Northwest Pipe Company revenue came in at a consensus of $110 million. Second-Quarter revenues surpassed estimates for $118.5 million by $8.5 million (8%). The company achieved 61% growth year-over-year compared to the firm's revenue of $73.8 million from the year-ago quarter. The higher earnings growth relative to revenue signals Northwest Pipe Company has improved its profit margin.

The stock is up 4.86% to $30.85 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Northwest Pipe Company a Bearish Sentiment Rank from InvestorsObserver.

Northwest Pipe Company has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 92, putting Northwest Pipe Company in the top 25% of stocks. The firm was recently trading at a 52-week high of $34.94 on June 7, 2022 and set a 52-week low on October 12, 2021 at $23.11.

Northwest Pipe Co is a manufacturer for water related infrastructure products. The company produces precast and reinforced concrete products, Permalok steel casing pipe, bar-wrapped concrete cylinder pipe, as well as linings, coatings, joints, and fittings and specialized components. It provides solution-based products for a wide range of markets including water transmission and infrastructure, water and wastewater plant piping, structural stormwater and sewer systems, trenchless technology, and pipeline rehabilitation. The company derives sales revenue from the United States and Canada, of which a majority of the revenue is derived from the United States.