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 %
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
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.
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