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 guidance of 4.110-4.250 for the period, compared to the consensus earnings per share 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.
Gibraltar Industries Price Performance
Shares of ROCK opened at $67.13 on Monday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 18.05 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 business’s 50-day moving average is $68.03 and its 200-day moving average is $71.34.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last issued its earnings results 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). The business had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a net margin of 8.49% and a return on equity of 13.91%. Gibraltar Industries’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities research analysts expect that Gibraltar Industries will post 4.6 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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About Gibraltar Industries
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.
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