Beacon Roofing Supply Inc expected to post earnings of 30 cents a share - Earnings Preview

Beacon Roofing Supply

01/05/2024 24:35

* Beacon Roofing Supply Inc  BECN.OQ   BECN.O  is expected
to show
a rise in quarterly revenue when it reports  results on May 2
for the period ending March 31 2024
    * The Herndon Virginia-based  company is expected to report
a
8.8% increase in revenue to $1.885 billion from $1.73 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.The company's guidance on February 27 2024, for the
period ended March 31, was for revenue between $1.85 billion and
$1.89 billion. (Sales/Revenue Majority Basis is on Total Net
Sales)
    * ​LSEG's mean analyst estimate for Beacon Roofing Supply
Inc is
for earnings of 30 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Beacon
Roofing
Supply Inc is $114.00​, above​ its last closing price of $98.53.
​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for gross profit margin between USD24.4% and
USD24.6%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.68        1.66       1.71      Beat    3
 Sep. 30 2023  2.62        2.61       2.84      Beat    8.7
 Jan. 1 0001   2.32        2.27       2.65      Beat    16.5​
 Mar. 31 2023  0.62        0.62       0.66      Beat    6.2
 ​​Dec.        1.22        1.21       1.40      Beat    16
 31 2022                                                
 Sep. 30 2022  2.07        2.07       2.63      Beat    27.3​
 Jan. 1 0001   2.32        2.31       2.46      Beat    6.4
 Mar. 31 2022  0.53        0.51       0.93      Beat    82.3
 This summary was machine generated April 30 at 23:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)