Q3 2024 EPS Estimates for Gibraltar Industries, Inc. Decreased by Analyst (NASDAQ:ROCK)

Gibraltar Industries, Inc. (NASDAQ:ROCK) – Research analysts at Seaport Res Ptn dropped their Q3 2024 earnings estimates for shares of Gibraltar Industries in a research report issued on Thursday, August 1st. Seaport Res Ptn analyst W. Liptak now anticipates that the construction company will post earnings of $1.39 per share for the quarter, down from their prior estimate of $1.56. The consensus estimate for Gibraltar Industries’ current full-year earnings is $4.79 per share. Seaport Res Ptn also issued estimates for Gibraltar Industries’ Q4 2024 earnings at $1.23 EPS, Q2 2025 earnings at $1.28 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at $1.34 EPS and FY2025 earnings at $5.05 EPS.

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

Gibraltar Industries Trading Up 0.6 %

ROCK stock opened at $65.79 on Monday. Gibraltar Industries has a 1-year low of $59.66 and a 1-year high of $87.40. The stock has a 50-day moving average price of $71.95 and a 200-day moving average price of $75.33. The firm has a market cap of $2.01 billion, a PE ratio of 17.69 and a beta of 1.15.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Wednesday, July 31st. The construction company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $353.00 million for the quarter, compared to the consensus estimate of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. Gibraltar Industries’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROCK. Innealta Capital LLC bought a new stake in shares of Gibraltar Industries during the second quarter valued at approximately $39,000. Quadrant Capital Group LLC grew its position in Gibraltar Industries by 26.3% in the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock valued at $53,000 after purchasing an additional 139 shares during the period. nVerses Capital LLC bought a new stake in Gibraltar Industries during the 2nd quarter valued at $55,000. GAMMA Investing LLC acquired a new position in Gibraltar Industries during the fourth quarter worth $57,000. Finally, Bfsg LLC bought a new position in shares of Gibraltar Industries in the first quarter valued at $132,000. Institutional investors own 98.39% of the company’s stock.

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.