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

Installed Building Products,

02/08/2023 14:32

* Installed Building Products Inc  IBP.N  reported quarterly
adjusted earnings of $2.62​​ per share for the quarter ended in
June. The mean expectation of twelve analysts for the quarter
was for earnings of $2.25 per share.
    * Revenue rose 2.3% to $692.10 million from a year ago;
analysts
expected $661.28 million. 
    * Installed Building Products Inc's reported EPS for the
quarter
was $2.18​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Installed Building Products Inc shares had risen by 6.1%
this
quarter and gained 73.8% so far this year.
    * The company reported quarterly net income of $61.6
million.
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $141.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.25           2.62           Beat
 Mar. 31 2023      2.08           2.15           Beat
 Dec. 31 2022      2.16           2.43           Beat
 Sep. 30 2022      2.30           2.51           Beat