Beacon Roofing Supply Q3 EPS $2.30, Sales $2.77B Inline
Portfolio Pulse from Benzinga Newsdesk
Beacon Roofing Supply reported Q3 earnings of $2.30 per share, missing the analyst consensus estimate of $2.83 by 18.73%. This represents a 19.3% decrease from the previous year's earnings. However, sales were $2.77 billion, meeting expectations and showing a 7.3% increase from last year.
October 30, 2024 | 8:18 pm
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Beacon Roofing Supply's Q3 earnings per share of $2.30 missed analyst expectations by 18.73% and decreased 19.3% from last year. Sales were in line with expectations at $2.77 billion, a 7.3% increase from last year.
The significant miss on EPS compared to analyst expectations and the year-over-year decline in earnings are likely to negatively impact the stock price in the short term. However, the sales increase and meeting of expectations may provide some support.
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