Mueller Industries (MLI) stock is forming a base showing a 70.48 entry as it gets ready to report earnings on Oct. 19. The entry is based on a third-stage consolidation, which involves more risk than a first- or second-stage formation.
XBuying a stock just ahead of earnings involves risk since you typically don't have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
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Mueller Industries Notches Solid Earnings
The metal fabricator company reported 90% earnings-per-share growth in the latest quarterly report, while sales growth came in at 14%.
Consensus analyst estimates call for EPS growth of -21% for the quarter, and 23% growth for the full year.
Mueller Industries stock has a 97 Composite Rating and earns the No. 5 rank among its peers in the Metal-Fabricators industry group. Commercial Metals (CMC) is the top-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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