Gibraltar Industries Affirms FY2024 GAAP EPS Guidance from $3.57-3.71 to $3.57-3.71 vs $4.01 Est; Affirms FY2024 Sales Guidance from $1.31B-1.33B to $1.31B-1.33B.
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has reaffirmed its FY2024 GAAP EPS guidance at $3.57-3.71, which is below the analyst estimate of $4.01. The company also reaffirmed its FY2024 sales guidance at $1.31B-1.33B.
October 30, 2024 | 11:43 am
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Gibraltar Industries reaffirmed its FY2024 GAAP EPS guidance at $3.57-3.71, which is below the analyst estimate of $4.01. The sales guidance remains unchanged at $1.31B-1.33B.
The reaffirmation of EPS guidance below analyst estimates suggests potential investor disappointment, likely leading to a negative short-term impact on the stock price. The unchanged sales guidance does not offset the negative sentiment from the EPS guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100