Gibraltar Industries (NASDAQ:ROCK) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Gibraltar Industries (NASDAQ:ROCK) posted its earnings results on Wednesday. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04, Briefing.com reports. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The firm had revenue of $292.51 million during the quarter, compared to analysts’ expectations of $296.29 million. During the same period in the previous year, the business posted $0.70 EPS. The business’s revenue was down .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 Price Performance

NASDAQ ROCK traded up $2.45 on Thursday, hitting $71.31. The company had a trading volume of 146,117 shares, compared to its average volume of 173,905. Gibraltar Industries has a 12-month low of $50.12 and a 12-month high of $87.40. The company has a market capitalization of $2.17 billion, a PE ratio of 19.18 and a beta of 1.20. The company’s fifty day moving average price is $75.87 and its 200-day moving average price is $74.81.

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.

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.