Gibraltar Industries (NASDAQ:ROCK) Updates FY 2024 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.570-4.820 for the period, compared to the consensus EPS estimate of 4.680. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Gibraltar Industries also updated its FY24 guidance to $4.57-4.82 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Gibraltar Industries from a buy rating to a strong-buy rating in a research note on Monday, April 29th.

Gibraltar Industries Trading Up 0.6 %

Shares of ROCK stock traded up $0.45 during midday trading on Friday, reaching $71.69. 160,934 shares of the stock were exchanged, compared to its average volume of 145,367. The firm has a market cap of $2.18 billion, a PE ratio of 19.27 and a beta of 1.20. The company’s 50 day moving average is $75.76 and its two-hundred day moving average is $74.83. Gibraltar Industries has a 1 year low of $51.36 and a 1 year high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $292.51 million for the quarter, compared to analysts’ expectations of $296.29 million. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts expect that Gibraltar Industries will post 4.73 EPS for the current fiscal year.

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.