Gibraltar Industries (NASDAQ:ROCK) Updates Q3 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) updated its third quarter earnings guidance on Friday. The company provided earnings per share guidance of $1.25-1.28 for the period, compared to the consensus earnings per share estimate of $1.46. The company issued revenue guidance of $359-362 million, compared to the consensus revenue estimate of $400.37 million. Gibraltar Industries also updated its FY 2024 guidance to 4.110-4.250 EPS.

Gibraltar Industries Trading Down 4.3 %

NASDAQ ROCK opened at $67.13 on Friday. The stock has a fifty day simple moving average of $68.03 and a 200-day simple moving average of $71.46. The stock has a market cap of $2.05 billion, a PE ratio of 17.81 and a beta of 1.14. Gibraltar Industries has a twelve month low of $59.66 and a twelve month high of $87.40.

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

Analyst Upgrades and Downgrades

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

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.