Gibraltar Industries (NASDAQ:ROCK) Releases FY24 Earnings Guidance

by · The Cerbat Gem

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.11-4.25 for the period, compared to the consensus estimate of $4.15. The company issued revenue guidance of $1.31-1.33 billion, compared to the consensus revenue estimate of $1.32 billion.

Gibraltar Industries Stock Performance

Shares of NASDAQ:ROCK traded down $0.54 during midday trading on Friday, reaching $66.95. 278,280 shares of the company’s stock traded hands, compared to its average volume of 176,408. The stock has a 50 day moving average of $68.37 and a 200 day moving average of $70.29. Gibraltar Industries has a one year low of $61.92 and a one year high of $87.40. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 18.60 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million for the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.13% and a net margin of 8.28%. Gibraltar Industries’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 earnings per share. Sell-side analysts predict that Gibraltar Industries will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Read Our Latest Research Report on Gibraltar Industries

Gibraltar Industries Company Profile

(Get Free Report)

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

Further Reading