Gibraltar Industries (NASDAQ:ROCK) Releases FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.11-4.25 for the period, compared to the consensus estimate of $4.15. The company issued revenue guidance of $1.31-1.33 billion, compared to the consensus revenue estimate of $1.32 billion.

Gibraltar Industries Stock Performance

Shares of ROCK stock traded up $3.01 on Wednesday, hitting $68.01. The company had a trading volume of 89,844 shares, compared to its average volume of 174,851. The stock's 50-day moving average is $68.36 and its two-hundred day moving average is $70.37. Gibraltar Industries has a twelve month low of $59.95 and a twelve month high of $87.40. The firm has a market cap of $2.07 billion, a P/E ratio of 18.41 and a beta of 1.14.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $361.20 million during the quarter, compared to the consensus estimate of $360.43 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. Equities research analysts predict that Gibraltar Industries will post 4.18 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Gibraltar Industries from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd.

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.