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Trex Sits Around Top Of Buy Zone Ahead Of Earnings Report

To build your earnings season watch list, focus on stocks in or near a potential buy range ahead of their next quarterly report. Trex (TREX) currently fits that bill. It's expected to release its latest numbers around Aug. 3.

It's trading about 4% above a 132.94 buy point from a second-stage consolidation.

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Understand that buying a stock just ahead of earnings can be risky 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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Trex reported 35% earnings-per-share growth in its most recent report, while sales growth came in at 12%.

Analysts expect earnings growth to be flat for the quarter, and 6% growth for the full year. Annual growth estimates were recently revised upward.

Trex has a 97 Composite Rating and holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Trex (TREX) and PGT Innovations (PGTI) are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

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