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

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.570-4.820 for the period, compared to the consensus EPS 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 raised shares of Gibraltar Industries from a buy rating to a strong-buy rating in a research report on Monday.

Gibraltar Industries Trading Down 3.6 %

NASDAQ:ROCK traded down $2.60 on Wednesday, reaching $68.86. The stock had a trading volume of 318,454 shares, compared to its average volume of 174,499. The company has a 50-day moving average of $75.98 and a 200 day moving average of $74.85. The stock has a market cap of $2.10 billion, a P/E ratio of 19.48 and a beta of 1.17. Gibraltar Industries has a 12-month low of $48.76 and a 12-month high of $87.40.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The firm had revenue of $328.80 million during the quarter, compared to analysts' expectations of $331.40 million. Gibraltar Industries had a net margin of 8.02% and a return on equity of 14.50%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. On average, equities analysts predict that Gibraltar Industries will post 4.73 EPS 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.