Encore Historical Income Statement

WIRE Stock  USD 253.19  4.14  1.66%   
Historical analysis of Encore Wire income statement accounts such as Depreciation And Amortization of 33.7 M, Interest Expense of 43.6 M, Total Revenue of 2.7 B or Gross Profit of 688.7 M can show how well Encore Wire performed in making a profits. Evaluating Encore Wire income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Encore Wire's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Encore Wire latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Encore Wire is a good buy for the upcoming year.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.

About Encore Income Statement Analysis

Encore Wire Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Encore Wire shareholders. The income statement also shows Encore investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Encore Wire Income Statement Chart

Encore Wire Income Statement is one of the three primary financial statements used for reporting Encore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Encore Wire revenue and expense. Encore Wire Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Encore Wire's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.7 B, whereas Reconciled Depreciation is forecasted to decline to about 23.6 M.

Total Revenue

Total revenue comprises all receipts Encore Wire generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Encore Wire minus its cost of goods sold. It is profit before Encore Wire operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Encore Wire. It is also known as Encore Wire overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Encore Wire operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Encore Wire is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Encore Wire's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Encore Wire current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.At present, Encore Wire's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.7 B, whereas Reconciled Depreciation is forecasted to decline to about 23.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit867.7M1.1B655.9M688.7M
Total Revenue2.6B3.0B2.6B2.7B

Encore Wire income statement Correlations

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Click cells to compare fundamentals

Encore Wire Account Relationship Matchups

Encore Wire income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization17.7M19.5M23.3M26.2M32.1M33.7M
Interest Expense21.9M20.7M23.5M36.1M41.5M43.6M
Total Revenue1.3B1.3B2.6B3.0B2.6B2.7B
Gross Profit166.0M194.5M867.7M1.1B655.9M688.7M
Other Operating Expenses1.2B1.2B1.9B2.1B2.1B2.2B
Operating Income53.8M97.5M699.2M915.0M451.4M473.9M
Ebit53.8M97.5M699.2M915.0M451.4M473.9M
Ebitda71.5M117.0M722.5M941.2M483.4M507.6M
Cost Of Revenue1.1B1.1B1.7B1.9B1.9B2.0B
Total Operating Expenses94.4M97.0M168.5M197.4M204.5M214.7M
Income Before Tax75.7M98.8M699.4M924.9M484.6M508.9M
Total Other Income Expense Net21.9M1.3M194K9.8M33.3M34.9M
Net Income58.1M76.1M541.4M717.8M372.4M391.0M
Income Tax Expense17.6M22.7M158.0M207.0M112.2M117.9M
Selling General Administrative28.5M97.0M168.5M197.4M203.2M213.3M
Net Income Applicable To Common Shares58.1M76.1M541.4M717.8M825.5M866.8M
Net Income From Continuing Ops58.1M76.1M541.4M717.8M460.3M483.3M
Non Operating Income Net Other4.2M1.3M194K9.8M11.3M11.9M
Tax Provision17.6M22.7M158.0M207.0M136.3M75.8M
Interest Income4.2M1.3M194K9.8M33.3M34.9M
Net Interest Income4.2M1.3M194K9.8M31.8M33.4M
Reconciled Depreciation17.7M19.5M23.3M26.2M31.1M23.6M

Encore Wire Investors Sentiment

The influence of Encore Wire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Encore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Encore Wire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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Is Encore Wire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Encore Wire. If investors know Encore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Encore Wire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Dividend Share
0.08
Earnings Share
21.62
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.