Installed Building Products Inc reports results for the quarter ended September 30 - Earnings Summary

• Installed Building Products Inc IBP.N reported quarterly adjusted earnings of $2.85​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.79. The mean expectation of eleven analysts for the quarter was for earnings of $3.02 per share. Wall Street expected results to range from $2.88 to $3.31 per share.

• Revenue rose 7.7% to $760.60 million from a year ago; analysts expected $760.49 million.

• Installed Building Products Inc's reported EPS for the quarter was $2.44​.

• The company reported quarterly net income of $68.6 million.

• Installed Building Products Inc shares had fallen by 11.8% this quarter and gained 18.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the construction & engineering peer group is also "hold"

Wall Street's median 12-month price target for Installed Building Products Inc is $251.00

This summary was machine generated from LSEG data November 8 at 09:49 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)