Gibraltar Industries (NASDAQ:ROCK) Issues Q3 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) issued an update on its third quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.25-1.28 for the period, compared to the consensus estimate of $1.46. The company issued revenue guidance of $359-362 million, compared to the consensus revenue estimate of $400.37 million. Gibraltar Industries also updated its FY 2024 guidance to 4.110-4.250 EPS.

Analyst Upgrades and Downgrades

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

Gibraltar Industries Stock Down 4.3 %

Gibraltar Industries stock opened at $67.13 on Friday. The company has a fifty day simple moving average of $68.03 and a 200-day simple moving average of $71.46. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 17.81 and a beta of 1.14. Gibraltar Industries has a 52-week low of $59.66 and a 52-week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 EPS 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%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 EPS. On average, research analysts anticipate that Gibraltar Industries will post 4.6 EPS for the current fiscal year.

Gibraltar Industries Company Profile

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.