Installed Building Products Inc expected to post earnings of $2.45 a share - Earnings Preview

Installed Building Products,

16/02/2024 14:03

* Installed Building Products Inc  IBP.N   IBP  is expected
to show a fall in quarterly revenue when it reports  results on
February 22 for the period ending December 31 2023
    * The Columbus Ohio-based  company is expected to report a
0.6% decrease in revenue to $682.478 million from $686.49
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Installed Building
Products
Inc is for earnings of $2.45 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $188.00​, below​ its last closing price
of $212.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.50        2.38       2.79      Beat    17.3
 Jun. 30 2023  2.35        2.25       2.62      Beat    16.2
 Mar. 31 2023  2.15        2.08       2.15      Beat    3.4​
 Dec. 31 2022  2.23        2.16       2.43      Beat    12.5
 ​​Sep.        2.31        2.30       2.51      Beat    9.1
 30 2022                                                
 Jun. 30 2022  1.93        1.94       2.48      Beat    28​
 Mar. 31 2022  1.12        1.12       1.54      Beat    37.4
 Dec. 31 2021  1.52        1.52       1.42      Missed  -6.5
 This summary was machine generated February 16 at 14:03 GMT. 
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)