Gibraltar Industries Inc reports results for the quarter ended in June - Earnings Summary

Gibraltar Industries

31/07/2024 14:58

* Gibraltar Industries Inc  ROCK.OQ  reported quarterly
adjusted
earnings of $1.18​​ per share for the quarter ended in June,
identical to the same quarter last year.  The mean expectation
of three analysts for the quarter was for earnings of $1.25 per
share. Wall Street expected results to range from $1.23 
to $1.26 per share.
    * Revenue fell 3.1% to $353.01 million from a year ago;
analysts
expected $373.60 million. 
    * Gibraltar Industries Inc's reported EPS for the quarter
was
$1.05​.
    * The company reported quarterly net income of $32.2
million.
    * Gibraltar Industries Inc shares had risen by 17.0% this
quarter and gained 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Gibraltar
Industries Inc is $95.00 
This summary was machine generated from LSEG data July 31 at
01:58 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      1.25           1.18           Missed
 Mar. 31 2024      0.72           0.80           Beat
 Dec. 31 2023      0.85           0.85           Met
 Sep. 30 2023      1.19           1.38           Beat