Gibraltar Industries (NASDAQ:ROCK) Issues FY24 Earnings Guidance

Posted by Dante Gardener on Jul 31st, 2024

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $4.57-4.82 for the period, compared to the consensus EPS estimate of $4.71. The company issued revenue guidance of $1.38-1.42 billion, compared to the consensus revenue estimate of $1.43 billion.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gibraltar Industries from a buy rating to a strong-buy rating in a research report on Monday, April 29th.

View Our Latest Stock Report on Gibraltar Industries

Gibraltar Industries Trading Down 0.4 %

Shares of NASDAQ ROCK opened at $80.21 on Wednesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 21.56 and a beta of 1.15. Gibraltar Industries has a one year low of $59.66 and a one year high of $87.40. The business has a 50-day moving average price of $72.39 and a two-hundred day moving average price of $75.75.

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $292.51 million during the quarter, compared to analyst estimates of $296.29 million. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. Research analysts anticipate that Gibraltar Industries will post 4.79 EPS for the current year.

About Gibraltar Industries

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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.