Trex Stock: Is a Reversal Brewing After Recent Lows?
Trex shares are showing signs of stabilization after touching a new 52-week low, closing at $49.48 with a modest gain of $0.33.
The upcoming earnings report on November 4 is crucial, as the previous quarterly performance exceeded analyst forecasts with earnings per share of $0.74 and revenue of $387.8 million.
The company's full-year outlook projects revenue growth between 5% and 7% and an EBITDA margin exceeding 31%, offering a foundation for optimism.
Whether this signals a genuine shift in momentum or merely a temporary pause in the prevailing downward trend is the critical question for investors.
Author's summary: Trex stock shows stabilization signs.
- Stock closed at $49.48 with a $0.33 gain
- Upcoming earnings report on November 4
- Previous quarterly performance exceeded analyst forecasts
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