The AZEK Company Shares Up 2% on Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/AZEK'>The AZEK Company Inc. (NYSE:AZEK)</a> share rose more than 2% today after the company reported its Q4 results, with revenue of $304.6 million coming in better than the Street estimate of $288.91 million. EPS was $0.16, worse than the Street estimate of $0.18. </p>
<p>The company expects Q1/23 revenue in the range of $200-215 million, compared to the Street estimate of $238.3 million.</p>
<p>Following the results, analysts at RBC Capital lowered their price target to $20 from $22, reducing their 2023 adjusted EBITDA estimate to $250 million from $297 million, at the low end of the $250-$265 million guide, with the move driven primarily by sharper expected Q1 destocking headwinds, incremental sell-out pressures, and continued cost inflation.</p>

NYSE:AZEK