Installed Building Products Inc expected to post earnings of $2.88 a share - Earnings Preview

Installed Building Products,

30/07/2024 19:35

* Installed Building Products Inc  IBP.N   IBP  is expected
to show a rise in quarterly revenue when it reports  results on
August 1 for the period ending June 30 2024
    * The Columbus Ohio-based  company is expected to report a
7.7% increase in revenue to $745.498 million from $692.1 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Installed Building
Products
Inc is for earnings of $2.88 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 $260.00​, below​ its last closing price
of $266.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.43        2.32       2.47      Beat    6.5
 Dec. 31 2024  2.59        2.45       2.72      Beat    11.1
 Sep. 30 2023  2.50        2.38       2.79      Beat    17.3​
 Jun. 30 2023  2.35        2.25       2.62      Beat    16.2
 ​​Jan.        2.15        2.08       2.15      Beat    3.4
 1 0001                                                 
 Dec. 31 2022  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
 This summary was machine generated July 30 at 18:34 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)