Beacon Roofing Supply Q1 Adj EPS $0.41 Beats $0.29 Estimate, Sales $1.91B Beat $1.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Beacon Roofing Supply (NASDAQ:BECN) reported Q1 adjusted EPS of $0.41, surpassing the $0.29 estimate, and sales of $1.91B, exceeding the $1.89B estimate. This represents a 38.81% decrease in EPS and a 10.39% increase in sales year-over-year.
May 02, 2024 | 11:04 pm
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Beacon Roofing Supply reported a Q1 adjusted EPS of $0.41, beating estimates, and sales of $1.91B, also above expectations. Year-over-year, EPS decreased by 38.81%, while sales increased by 10.39%.
Beacon Roofing Supply's earnings and sales beat are likely to positively impact its stock price in the short term. The significant beat on both top and bottom lines indicates strong operational performance, despite the year-over-year decrease in EPS, which could be attributed to external factors or one-time expenses. The increase in sales suggests growth, making the stock more attractive to investors.
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