GMS Inc reports results for the quarter ended in January - Earnings Summary

GMS

29/02/2024 14:33

* GMS Inc  GMS.N  reported quarterly adjusted earnings of
$1.60​​
per share for the quarter ended in January, lower than the same
quarter last year, when the company reported EPS of $1.85.  The
mean expectation of nine analysts for the quarter was
for earnings of $1.60 per share. Wall Street expected results to
range from $1.56  to $1.65 per share.
    * Revenue rose 1.9% to $1.26 billion from a year ago;
analysts
expected $1.26 billion. 
    * GMS Inc's reported EPS for the quarter was $1.28​.
    * The company reported quarterly net income of $51.91
million.
    * GMS Inc shares had risen by 9.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for GMS Inc is
$87.00

This summary was machine generated from LSEG data February 29 at
02:33 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
 Jan. 31 2024      1.60           1.60           Met
 Oct. 31 2023      2.26           2.30           Beat
 Jul. 31 2023      2.38           2.40           Beat
 Apr. 30 2023      1.89           2.11           Beat