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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100