TREX / Is it Time to Buy the Dip in Trex Stock or Will the Correction Continue?

Trex (TREX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). more_horizontal

Bryan Fairbanks, Trex CEO, joins 'The Exchange' to discuss the company's higher shares, the state of the home improvement market, and more. more_horizontal

Trex (NYSE:TREX) Company Inc shares rose 4% to $57.30 in early Tuesday trading after the provider of eco-friendly decking and railing reported third more_horizontal

Trex Company, Inc. (NYSE:TREX ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Viktoriia Nakhla - IR Bryan Fairbank more_horizontal

Trex (TREX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of more_horizontal

The building materials stock soared after its last earnings release, but macro data has been rough since then. Building activity seems to be slowing t more_horizontal

Trex (TREX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall more_horizontal

Trex CEO Bryan Fairbanks says customers are really focusing on building up heir outdoor spaces, so much so, he says the company sees a $13.7 billion o more_horizontal