AZZ Stock Gains Momentum After Q3 Earnings Beat, 2025 Forecast Raise: Retail Chatter Heats Up

Published : Jan 08, 2025, 10:33 PM IST
AZZ Stock Gains Momentum After Q3 Earnings Beat, 2025 Forecast Raise: Retail Chatter Heats Up

Synopsis

According to FinChat data, the metals coating producer reported adjusted earnings of $1.39 per share for the third quarter, compared with market estimates of $1.27 per share.

AZZ Inc. saw its retail engagement jump on Wednesday after its third-quarter results beat Wall Street estimates, and the Texas-based company raised its fiscal 2025 forecast.

On Tuesday, the metals coating producer reported adjusted earnings of $1.39 per share for the third quarter, compared with market estimates of $1.27 per share, according to FinChat data.

AZZ’s third-quarter sales of $403.7 million topped estimates of $396.6 million. 

The company reported an uptick in sales at its metal coatings and pre-coat metals segments, aided by the expansion of industrial and construction activity. 

The S&P Global Flash US PMI Composite Output Index, which tracks U.S. manufacturing and services sectors, rose to a 33-month high in December on growing optimism around the incoming Trump administration.

AZZ also raised its fiscal 2025 adjusted earnings per share forecast to $5 to $5.30 from a prior $4.70 to $5.10 projection.

However, AZZ shares were down 1.8% on Wednesday, tracking a decline in the broader U.S. market.

Following the results, retail sentiment on Stocktwits continued to trend in the ‘extremely bullish’ (91/100) zone, accompanied by ‘extremely high’ retail chatter.

Users were bullish on the stock, with the earnings beat gaining praise.

Stock is up nearly 45% over the past year. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.<

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