Gibraltar Industries Q4 Adj. EPS $0.85, Inline, Sales $328.80M Miss $331.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries (NASDAQ:ROCK) reported Q4 adjusted EPS of $0.85, meeting analyst estimates, with an 18.06% increase over last year. However, sales of $328.80M missed estimates by 0.76%, though they were up 4.76% from the previous year.
February 21, 2024 | 12:32 pm
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Gibraltar Industries reported Q4 adjusted EPS of $0.85, in line with estimates, and an 18.06% increase YOY. Sales were $328.80M, missing estimates by 0.76%, but up 4.76% YOY.
Meeting EPS estimates and showing year-over-year growth in earnings and sales suggests a stable financial performance, which is likely to have a neutral to slightly positive impact on the stock price in the short term. The slight miss in sales estimates may temper any potential positive reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100