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

Gibraltar Industries (NASDAQ:ROCK) posted its quarterly earnings results on Wednesday. The construction company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08), Briefing.com reports. The firm had revenue of $353.00 million for the quarter, compared to analysts’ expectations of $373.60 million. Gibraltar Industries had a net margin of 8.31% and a return on equity of 14.39%. Gibraltar Industries’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. 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 ROCK stock traded down $3.41 during mid-day trading on Thursday, reaching $70.86. The company’s stock had a trading volume of 306,153 shares, compared to its average volume of 172,981. The firm has a market capitalization of $2.16 billion, a PE ratio of 19.05 and a beta of 1.15. The company’s 50 day simple moving average is $72.38 and its 200-day simple moving average is $75.70. Gibraltar Industries has a 12-month low of $59.66 and a 12-month high of $87.40.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research 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.