Installed Building Products Inc reports results for the quarter ended December 31 - Earnings Summary

• Installed Building Products Inc IBP.N reported quarterly adjusted earnings of $3.24​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.85. The mean expectation of thirteen analysts for the quarter was for earnings of $2.74 per share. Wall Street expected results to range from $2.30 to $3.01 per share.

• Revenue rose 3.7% to $778.20 million from a year ago; analysts expected $741.66 million.

• Installed Building Products Inc's reported EPS for the quarter was $2.83​.

• The company reported quarterly net income of $74.4 million.

• Installed Building Products Inc shares had risen by 15.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is "buy."

• Wall Street's median 12-month price target for Installed Building Products Inc is $253.50, about 18.6% below its last closing price of $300.74

This summary was machine generated from LSEG data February 26 at 04:11 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)