Gibraltar Industries (NASDAQ:ROCK) Issues FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) 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.

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Trading Down 0.8 %

Shares of ROCK traded down $0.54 during mid-day trading on Friday, reaching $66.95. The company’s stock had a trading volume of 278,280 shares, compared to its average volume of 176,408. The company’s fifty day moving average price is $68.37 and its two-hundred day moving average price is $70.29. Gibraltar Industries has a 52 week low of $61.92 and a 52 week high of $87.40. The stock has a market cap of $2.04 billion, a PE ratio of 18.60 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.43 million. Gibraltar Industries had a net margin of 8.28% and a return on equity of 13.13%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business earned $1.38 earnings per share. Research analysts anticipate that Gibraltar Industries will post 4.18 EPS for the current year.

Gibraltar Industries Company Profile

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.