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

Gibraltar Industries (NASDAQ:ROCK) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.570-4.820 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 %

ROCK stock traded up $0.45 during midday trading on Friday, hitting $71.69. The company had a trading volume of 160,934 shares, compared to its average volume of 145,367. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 19.27 and a beta of 1.20. Gibraltar Industries has a 52 week low of $51.36 and a 52 week high of $87.40. The stock’s 50 day moving average price is $75.76 and its 200 day moving average price is $74.83.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $292.51 million during the quarter, compared to analyst estimates of $296.29 million. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Analysts predict that Gibraltar Industries will post 4.73 earnings per share for the current 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.