Installed Building Prods Q2 Adj. EPS $2.62 Beats $2.28 Estimate, Sales $692.10M Beat $652.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Installed Building Prods (NYSE:IBP) reported Q2 earnings of $2.62 per share, beating the analyst consensus estimate of $2.28 by 14.91%. The company also reported quarterly sales of $692.10 million, surpassing the analyst consensus estimate of $652.87 million by 6.01%. Both earnings and sales have increased compared to the same period last year.
August 04, 2023 | 11:01 am
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POSITIVE IMPACT
Installed Building Prods reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Installed Building Prods reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could increase investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100