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IBP Installed Building Products, News Story

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

Installed Building Products Inc IBP.N reported quarterly adjusted earnings of $2.08​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.47.  The mean expectation of twelve analysts for the quarter was for earnings of $2.19 per share. Wall Street expected results to range from $1.92  to $2.34 per share.

Revenue fell 1.2% to $684.80 million from a year ago; analysts expected $679.27 million.

Installed Building Products Inc's reported EPS for the quarter was $1.64​.

The company reported quarterly net income of $45.4 million.

Installed Building Products Inc shares had fallen by 4.2% this quarter and lost 6.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 10% in the last three months.​

In the last 30 days, three 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," 7 "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 $200.00

This summary was machine generated from LSEG data May 8 at 02:13 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20252.192.08Missed
Dec. 31 20242.852.88Beat
Sep. 30 20243.022.85Missed
Jun. 30 20242.883.02Beat

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