Installed Building Products (IBP) Lags Q3 Earnings Estimates
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Installed Building Products (IBP) reported Q3 earnings of $2.85 per share, missing the Zacks Consensus Estimate of $2.98. This is a slight increase from $2.79 per share a year ago.
November 07, 2024 | 3:00 pm
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Installed Building Products reported Q3 earnings of $2.85 per share, missing the expected $2.98. This slight miss could impact short-term stock performance.
The earnings miss, despite being a small deviation from estimates, is likely to negatively impact IBP's stock price in the short term as it may affect investor sentiment. The earnings are slightly higher than last year, but the miss against expectations is more significant for immediate market reactions.
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