Gibraltar Industries (NASDAQ:ROCK) Releases FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $4.11-4.25 for the period, compared to the consensus EPS estimate of $4.59. The company issued revenue guidance of $1.31-1.42 billion, compared to the consensus revenue estimate of $1.40 billion. Gibraltar Industries also updated its Q3 guidance to $1.25-1.28 EPS.

Gibraltar Industries Stock Performance

NASDAQ:ROCK opened at $70.16 on Friday. The firm’s fifty day moving average is $68.02 and its two-hundred day moving average is $71.55. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 18.61 and a beta of 1.14. Gibraltar Industries has a one year low of $59.66 and a one year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The company had revenue of $353.00 million during 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 firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 EPS. As a group, equities research analysts predict that Gibraltar Industries will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gibraltar Industries from a strong-buy rating to a buy rating in a research note 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.