Beacon Roofing Supply Inc reports results for the quarter ended in June - Earnings Summary

Beacon Roofing Supply

01/08/2024 22:23

* Beacon Roofing Supply Inc  BECN.OQ  reported quarterly
adjusted
earnings of $2.32​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $2.65.  The mean expectation of fifteen analysts for the
quarter was for earnings of $2.79 per share. Wall Street
expected results to range from $2.44  to $3.19 per share.
    * Revenue rose 6.8% to $2.67 billion from a year ago;
analysts
expected $2.69 billion. 
    * Beacon Roofing Supply Inc's reported EPS for the quarter
was
$1.99​.
    * The company reported quarterly net income of $127.2
million.
    * Beacon Roofing Supply Inc shares had risen by 13.6% this
quarter and gained 18.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Beacon Roofing
Supply Inc is $115.06 
This summary was machine generated from LSEG data August 1 at
09:22 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      2.79           2.32           Missed
 Mar. 31 2024      0.30           0.41           Beat
 Dec. 31 2023      1.66           1.71           Beat
 Sep. 30 2023      2.61           2.84           Beat