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

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

Wall Street Analysts Forecast Growth

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

Gibraltar Industries Trading Up 0.6 %

Shares of ROCK stock traded up $0.45 on Friday, reaching $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 PE ratio of 19.27 and a beta of 1.20. The company has a 50-day moving average of $75.76 and a 200-day moving average of $74.83. Gibraltar Industries has a 12 month low of $51.36 and a 12 month high of $87.40.

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

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.