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

Installed Building Products,

22/02/2023 14:33

* Installed Building Products Inc  IBP.N  reported quarterly
adjusted earnings of $2.43​​ per share for the quarter ended in
December. The mean expectation of eleven analysts for the
quarter was for earnings of $2.16 per share.
    * Revenue rose 28.6% to $686.49 million from a year ago;
analysts
expected $676.69 million. 
    * Installed Building Products Inc's reported EPS for the
quarter
was $2.42​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Installed Building Products Inc shares had risen by 21.7%
this
quarter.
    * The company reported quarterly net income of $68.72
million.
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $94.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.16           2.43           Beat
 Sep. 30 2022      2.30           2.51           Beat
 Jun. 30 2022      1.94           2.48           Beat
 Mar. 31 2022      1.12           1.54           Beat