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

Gibraltar Industries (NASDAQ:ROCKGet 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:ROCKGet 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

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

View Our Latest Analysis on ROCK

About Gibraltar Industries

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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.

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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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