GMS Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
GMS Inc. (NYSE:GMS) is expected to report lower Q4 earnings at $2.04 per share, down from $2.11 per share a year ago, with projected revenue of $1.4 billion. The company recently agreed to acquire Yvon Building Supply for up to C$196.5 million. Analysts have mixed ratings, with price targets ranging from $88 to $105.
June 20, 2024 | 5:29 am
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GMS Inc. is expected to report lower Q4 earnings at $2.04 per share, down from $2.11 per share a year ago, with projected revenue of $1.4 billion. The company recently agreed to acquire Yvon Building Supply for up to C$196.5 million. Analysts have mixed ratings, with price targets ranging from $88 to $105.
The expected lower earnings per share (EPS) might negatively impact the stock price, but the projected increase in revenue and the recent acquisition could offset some of the negative sentiment. Analysts' mixed ratings and varied price targets suggest uncertainty in the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100