Gibraltar Industries (NASDAQ:ROCK) Updates FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.57-4.82 for the period, compared to the consensus earnings per share estimate of $4.68. The company issued revenue guidance of $1.43-1.48 billion, compared to the consensus revenue estimate of $1.44 billion. Gibraltar Industries also updated its FY 2024 guidance to 4.570-4.820 EPS.

Gibraltar Industries Stock Performance

Shares of NASDAQ ROCK opened at $71.69 on Friday. The stock’s 50-day simple moving average is $75.76 and its 200-day simple moving average is $74.83. The firm has a market capitalization of $2.18 billion, a PE ratio of 19.27 and a beta of 1.20. Gibraltar Industries has a fifty-two week low of $51.36 and a fifty-two week high of $87.40.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. The company had revenue of $292.51 million for the quarter, compared to analysts’ expectations of $296.29 million. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts forecast that Gibraltar Industries will post 4.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.