Gibraltar Industries (NASDAQ:ROCK) Issues FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.11-4.25 for the period, compared to the consensus earnings per share estimate of $4.59. The company issued revenue guidance of $1.31-1.42 billion, compared to the consensus revenue estimate of $1.40 billion. Gibraltar Industries also updated its Q3 guidance to $1.25-1.28 EPS.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $70.16 on Friday. Gibraltar Industries has a fifty-two week low of $59.66 and a fifty-two week high of $87.40. The company has a market cap of $2.14 billion, a PE ratio of 18.61 and a beta of 1.14. The business has a 50-day simple moving average of $68.02 and a two-hundred day simple moving average of $71.55.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company had revenue of $353.00 million during the quarter, compared to analyst estimates of $373.60 million. During the same quarter last year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, sell-side analysts predict that Gibraltar Industries will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.