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 company previously 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%.
The key question for investors is whether this signals a genuine shift in momentum or a temporary pause in the downward trend.
Upcoming earnings will hold the key to understanding the stock's future direction.
Author's summary: Trex stock shows signs of stabilization.
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