Gibraltar Industries Q2 2024 Adj. EPS $1.18 Misses $1.25 Estimate, Sales $353.005M Miss $373.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries (NASDAQ:ROCK) reported Q2 2024 earnings of $1.18 per share, missing the analyst estimate of $1.25. Sales were $353.005 million, also below the $373.600 million estimate. Despite the misses, EPS increased by 2.61% year-over-year, while sales decreased by 3.26%.
July 31, 2024 | 11:40 am
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Gibraltar Industries reported Q2 2024 earnings of $1.18 per share, missing the analyst estimate of $1.25. Sales were $353.005 million, also below the $373.600 million estimate. Despite the misses, EPS increased by 2.61% year-over-year, while sales decreased by 3.26%.
The earnings and sales misses are likely to negatively impact the stock price in the short term. However, the year-over-year EPS increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100