- Entry
- $27.16
- Final
- $39.44 +45.2%
- Target
- $19.00
- Score
- -1.00
$IIIN is expected to report earnings Friday, and they’re going to miss. I am at work so didn’t write out a fancy DD but here’s the gist. They had declining revenue from 2022 until last quarter. They primarily provide steel wire mesh for concrete construction (think roads, bridges, dams, concrete buildings) and trump froze the funds from the inflation reduction act that were bolstering those jobs. Now they have to jump through the filing hoop to get projects approved which …
— ORIGINAL POST ·
Insteel is going to miss earnings
· r/wallstreetbets
· Apr 15, 2025