Gibraltar Industries (NASDAQ:ROCK) Updates FY 2024 Earnings Guidance

Posted by Matthew Jenks on Oct 11th, 2024

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 4.110-4.250 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.4 billion. Gibraltar Industries also updated its FY24 guidance to $4.11-4.25 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gibraltar Industries from a strong-buy rating to a buy rating in a research report on Friday, August 2nd.

View Our Latest Analysis on Gibraltar Industries

Gibraltar Industries Stock Down 2.2 %

Shares of ROCK opened at $70.16 on Friday. The company has a market cap of $2.14 billion, a P/E ratio of 18.61 and a beta of 1.14. Gibraltar Industries has a fifty-two week low of $59.66 and a fifty-two week high of $87.40. The firm’s 50 day moving average price is $68.02 and its 200 day moving average price is $71.55.

Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million for the quarter, compared to analysts’ expectations of $373.60 million. During the same period in the prior year, the company posted $1.18 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Research analysts forecast that Gibraltar Industries will post 4.6 earnings per share for the current year.

Gibraltar Industries Company Profile

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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.