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

Installed Building Products,

04/05/2023 16:39

* Installed Building Products Inc  IBP.N  reported quarterly
adjusted earnings of $2.15​​ per share for the quarter ended in
March. The mean expectation of twelve analysts for the quarter
was for earnings of $2.08 per share.
    * Revenue rose 12.2% to $659.31 million from a year ago;
analysts
expected $672.23 million. 
    * Installed Building Products Inc's reported EPS for the
quarter
was $1.74​.
    * The mean earnings estimate of analysts had risen by
about 12.1%
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 7.6%
this
quarter and gained 43.3% so far this year.
    * The company reported quarterly net income of $49.27
million.
    * Wall Street's median 12-month price target for Installed
Building Products Inc is $113.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 03:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.08           2.15           Beat
 Dec. 31 2022      2.16           2.43           Beat
 Sep. 30 2022      2.30           2.51           Beat
 Jun. 30 2022      1.94           2.48           Beat