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

Gibraltar Industries

01/05/2024 15:24

* Gibraltar Industries Inc  ROCK.OQ  reported quarterly
adjusted
earnings of 80 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 70 cents.  The mean expectation of
three analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 66 cents to 76
cents per share.
    * Revenue fell 82.3% to $51.50 million from a year ago;
analysts
expected $296.30 million. 
    * Gibraltar Industries Inc's reported EPS for the quarter
was 81
cents​.
    * The company reported quarterly net income of $24.95
million.
    * Gibraltar Industries Inc shares had fallen by 11.3% this
quarter and lost 9.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.2%
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 $94.00 
This summary was machine generated from LSEG data May 1 at 02:23
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
 Mar. 31 2024      0.72           0.80           Beat
 Dec. 31 2023      0.85           0.85           Met
 Sep. 30 2023      1.19           1.38           Beat
 Jun. 30 2023      0.92           1.18           Beat