Gibraltar Industries (NASDAQ:ROCK) Releases Earnings Results, Misses Estimates By $0.08 EPS

Gibraltar Industries (NASDAQ:ROCK) announced its quarterly earnings data on Wednesday. The construction company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.08), Briefing.com reports. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The business had revenue of $353.00 million for the quarter, compared to the consensus estimate of $373.60 million. During the same quarter in the prior year, the company earned $1.18 earnings per share. Gibraltar Industries’s quarterly revenue was down 3.3% compared to the same quarter last year. Gibraltar Industries updated its FY24 guidance to $4.57-4.82 EPS and its FY 2024 guidance to 4.570-4.820 EPS.

Gibraltar Industries Stock Down 4.6 %

Shares of NASDAQ:ROCK traded down $3.41 during trading on Thursday, hitting $70.86. 306,153 shares of the company were exchanged, compared to its average volume of 172,981. Gibraltar Industries has a 1-year low of $59.66 and a 1-year high of $87.40. The company has a market capitalization of $2.16 billion, a P/E ratio of 19.05 and a beta of 1.15. The business’s 50 day moving average is $72.38 and its 200-day moving average is $75.70.

Wall Street Analyst Weigh In

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

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.