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 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.

Analyst Ratings Changes

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

Gibraltar Industries Price Performance

Shares of Gibraltar Industries stock traded up $0.45 during trading hours on Friday, hitting $71.69. The company had a trading volume of 160,934 shares, compared to its average volume of 145,367. The company’s 50-day moving average is $75.76 and its two-hundred day moving average is $74.83. The company has a market cap of $2.18 billion, a P/E ratio of 19.27 and a beta of 1.20. Gibraltar Industries has a twelve month low of $51.36 and a twelve month high of $87.40.

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

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.