Gibraltar Industries (NASDAQ:ROCK) Updates FY24 Earnings Guidance

Gibraltar Industries (NASDAQ:ROCK) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.57-4.82 for the period, compared to the consensus earnings per share estimate of $4.68. The company issued revenue guidance of $1.43-1.48 billion, compared to the consensus revenue estimate of $1.44 billion. Gibraltar Industries also updated its FY 2024 guidance to 4.570-4.820 EPS.

Analysts Set New Price Targets

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

Gibraltar Industries Stock Up 0.6 %

Shares of ROCK stock opened at $71.69 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of 19.27 and a beta of 1.20. Gibraltar Industries has a 52-week low of $51.36 and a 52-week high of $87.40. The stock’s 50-day moving average price is $75.76 and its 200 day moving average price is $74.83.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.80 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 firm had revenue of $292.51 million during the quarter, compared to analysts’ expectations of $296.29 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts expect that Gibraltar Industries will post 4.73 earnings per share for the current fiscal 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.