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

Installed Building Products,

05/05/2022 18:21

* Installed Building Products Inc  IBP.N  reported quarterly
adjusted earnings of $1.54​​ per share for the quarter ended in
March. The mean expectation of ten analysts for the quarter was
for earnings of $1.12 per share.
    * Revenue rose 34.4% to $587.49 million from a year ago; 
analysts
expected $542.08 million. 
    * Installed Building Products Inc's reported EPS for the
quarter
was $1.14​.
    * The mean earnings estimate of analysts had fallen by
about 9% 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 0.4%
this
quarter and lost 39.3% so far this year.
    * The company reported quarterly net income of $33.82
million.
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $116.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 05:21 p.m.  ​All
figures in US dollars unless otherwise stated