Gibraltar Industries (NASDAQ:ROCK) Issues Q3 2024 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) updated its third quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 1.250-1.280 for the period, compared to the consensus EPS estimate of 1.460. The company issued revenue guidance of $359.0 million-$362.0 million, compared to the consensus revenue estimate of $395.5 million. Gibraltar Industries also updated its FY 2024 guidance to 4.110-4.250 EPS.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Down 4.3 %

Gibraltar Industries stock opened at $67.13 on Friday. Gibraltar Industries has a 52-week low of $59.66 and a 52-week high of $87.40. The firm has a fifty day moving average of $68.03 and a 200-day moving average of $71.41. The firm has a market capitalization of $2.05 billion, a P/E ratio of 17.81 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The business had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. During the same period in the previous year, the company earned $1.18 EPS. Gibraltar Industries’s revenue was down 3.3% on a year-over-year basis. On average, research analysts expect that Gibraltar Industries will post 4.6 EPS for the current fiscal 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.