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

GMS

07/12/2023 14:31

* GMS Inc  GMS.N  reported quarterly adjusted earnings of
$2.30​​
per share for the quarter ended in October, lower than the same
quarter last year, when the company reported EPS of $2.79.  The
mean expectation of nine analysts for the quarter was
for earnings of $2.26 per share. Wall Street expected results to
range from $2.20  to $2.31 per share.
    * Revenue fell 0.7% to $1.42 billion from a year ago;
analysts
expected $1.38 billion. 
    * GMS Inc's reported EPS for the quarter was $1.97​.
    * The company reported quarterly net income of $80.96
million.
    * GMS Inc shares had risen by 13.2% this quarter and
gained 45.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or "buy," 4
"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 GMS Inc is $82.00
This summary was machine generated from LSEG data December 7 at
02:31 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
 Oct. 31 2023      2.26           2.30           Beat
 Jul. 31 2023      2.38           2.40           Beat
 Apr. 30 2023      1.89           2.11           Beat
 Jan. 31 2023      1.86           1.85           Missed