Gibraltar Industries Q3 Adj. EPS $1.38 Beats $1.19 Estimate, Sales $390.74M Miss $391.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries reported Q3 adjusted earnings of $1.38 per share, beating the analyst consensus estimate of $1.19 by 15.97%. However, the company's quarterly sales of $390.74 million missed the analyst consensus estimate of $391.33 million by 0.15%.
November 02, 2023 | 11:40 am
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NEUTRAL IMPACT
Gibraltar Industries' Q3 earnings beat estimates, but sales slightly missed expectations. This mixed report may lead to uncertain short-term price movements.
Gibraltar Industries' earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the slight miss on sales could counteract this effect, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100