Trex Company Inc. Stock Jumped 22% Last Month (and the Future Looks Great)

October was another fantastic month for Trex Company Inc. (NYSE: TREX) investors. with shares finishing October 21.5% higher than they started. So far this year, Trex stock is up a remarkable 60%.

The biggest catalyst for Trex's stock in October was also what's helped drive it higher all year: solid, expectations-beating earnings results.

Trex reported its third-quarter results on Oct. 30, crushing Wall Street analyst estimates with sales up 32%, earnings up 262%, and solid guidance for the rest of the year. Trex's results were so far above the market's expectations that its shares surged more than 25% in the first day of trading following the earnings release.

Source: Fool.com