How does AZEK's Q2 2024 compare to previous quarters?

**AZEK's Q2 2024 shows improvement over previous quarters in revenue and net income**:

1. **Revenue Comparison**:
- Q2 2024's revenue of $418.41 million exceeds that of Q1 2024, which was $348.23 million.
- This trend is also observed when comparing Q2 2024 with Q3 2023, despite a slight dip to $285.43 million in Q4 2023.
- The revenue in Q2 2024 surpasses the revenue in Q2 2023, which was $377.69 million.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|AZEK|AZEK.N|AZEK|2023 Q3|-1.8830808803238557|3.87553E8|169|
|AZEK|AZEK.N|AZEK|2023 Q4|27.63334121169148|3.88812E8|169|
|AZEK|AZEK.N|AZEK|2024 Q1|11.18334959469895|2.40444E8|169|
|AZEK|AZEK.N|AZEK|2024 Q2|10.780212448238247|4.18408E8|169|

2. **Net Income Analysis**:
- Q2 2024's net income stands at $50.11 million, surpassing the net income in Q1 2024, which was $39.76 million.
- The net income in Q2 2024 also outdoes the net income in Q2 2023, which was $18.23 million.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|AZEK|AZEK.N|AZEK|2023 Q3|26.073664288833893|3.464E7|169|
|AZEK|AZEK.N|AZEK|2023 Q4|405.4660126138753|3.9231E7|169|
|AZEK|AZEK.N|AZEK|2024 Q1|184.57373465612915|2.5148E7|169|
|AZEK|AZEK.N|AZEK|2024 Q2|173.02057613168725|4.9758E7|169|

3. **Earnings Per Share (EPS)**:
- AZEK reported an EPS of 39 cents for Q2 2024, which was above the analyst estimate of 38 cents.
- This EPS exceeded the EPS in Q1 2024, which was 18 cents.
4. **Institutional Investor Confidence**:
- Institutional investors have increased their stakes in AZEK, reflecting confidence in the company's performance.
- PNC Financial Services Group Inc. raised its stake by 10.6% in the 4th quarter.
- Congress Asset Management Co. MA boosted its holdings by 26.3% during the 1st quarter.
5. **Market Performance**:
- AZEK's stock has performed well, with a 24.9% increase since the beginning of the year compared to the S&P 500's 13.9% gain.
- The stock's fifty-day simple moving average is $46.18, and its 200-day simple moving average is $44.10.

In conclusion, AZEK's Q2 2024 demonstrates significant improvements in revenue and net income compared to previous quarters, along with positive analyst estimates and strong institutional investor support, indicating a robust financial performance and market confidence.