Installed Building Products Inc reports results for the quarter ended December 31 - Earnings Summary

Installed Building Products,

27/02/2025 15:11

Installed Building Products Inc IBP.N reported quarterly adjusted earnings of $2.85​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.79.  The mean expectation of eleven analysts for the quarter was for earnings of $2.85 per share. Wall Street expected results to range from $2.88  to $3.31 per share.

Revenue rose 7.7% to $760.60 million from a year ago; analysts expected $762.95 million.

Installed Building Products Inc's reported EPS for the quarter was $2.44​.

The company reported quarterly net income of $66.9 million.

Installed Building Products Inc shares had fallen by 1.9% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 6.2% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

The average consensus recommendation for the construction & engineering peer group is also "hold"

Wall Street's median 12-month price target for Installed Building Products Inc is $240.00

This summary was machine generated from LSEG data February 27 at 03:11 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
Sep. 30 2024
3.02
2.85
Missed
Sep. 30 2024
3.02
3.02
Met
Mar. 31 2024
2.88
2.47
Missed
Dec. 31 2023
2.32
2.47
Beat