Installed Building Products Inc expected to post earnings of $2.25 a share - Earnings Preview

Installed Building Products,

31/07/2023 19:34

* Installed Building Products Inc  IBP.N   IBP  is expected
to show a fall in quarterly revenue when it reports  results on
August 2. 
    * The Columbus Ohio-based  company is expected to report  a
3.1% decrease in revenue to $656.076 million from $676.75
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Installed Building
Products Inc is for earnings of $2.25 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $140​, below​ its last closing price
of $148.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.15        2.08       2.15      Beat    3.4
 Dec. 31 2023  2.23        2.16       2.43      Beat    12.5
 Sep. 30 2022  2.31        2.30       2.51      Beat    9.1​
 Jun. 30 2022  1.93        1.94       2.48      Beat    28
 ​​Mar.        1.12        1.12       1.54      Beat    37.4
 31 2022                                                
 Dec. 31 2021  1.52        1.52       1.42      Missed  -6.5​
 Sep. 30 2021  1.62        1.63       1.49      Missed  -8.8
 Jun. 30 2021  1.47        1.47       1.59      Beat    8.4
 This summary was machine generated July 31 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated