Gibraltar Industries (NASDAQ:ROCK) Releases Earnings Results, Beats Expectations By $0.04 EPS

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

Shares of Gibraltar Industries stock traded up $1.58 during trading hours on Thursday, hitting $70.44. The company’s stock had a trading volume of 98,758 shares, compared to its average volume of 173,514. The firm has a fifty day moving average of $75.87 and a 200-day moving average of $74.81. Gibraltar Industries has a twelve month low of $50.12 and a twelve month high of $87.40. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 19.18 and a beta of 1.20.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday.

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.