* Gibraltar Industries Inc reported quarterly adjusted earnings of $1.27 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.38. The mean expectation of three analysts for the quarter was for earnings of $1.25 per share. Wall Street expected results to range from $1.25 to $1.26 per share.
* Revenue fell 7.6% to $361.20 million from a year ago; analysts expected $360.43 million.
* Gibraltar Industries Inc's reported EPS for the quarter was $1.11.
* The company reported quarterly net income of $34.04 million.
* Gibraltar Industries Inc shares had fallen by 7.0% this quarter and lost 17.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 19.8% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"
Wall Street's median 12-month price target for Gibraltar Industries Inc is $86.00 This summary was machine generated from LSEG data October 30 at 03:14 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.25 1.27 Beat
Jun. 30 2024 1.25 1.18 Missed
Mar. 31 2024 0.72 0.80 Beat
Dec. 31 2023 0.85 0.85 Met
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