Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) will be reporting results tomorrow morning. Here’s what you need to know.
Gibraltar missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $302.1 million, down 8.1% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is Gibraltar a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Gibraltar’s revenue to grow 1.5% year on year to $296.8 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.81 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Gibraltar has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Gibraltar’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 2%, and Masco reported a revenue decline of 6.5%, falling short of estimates by 2%. Masco traded down 1.7% following the results.
Read our full analysis of Simpson’s results here and Masco’s results here.
Investors in the building products segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Gibraltar is down 10.3% during the same time and is heading into earnings with an average analyst price target of $89.67 (compared to the current share price of $52.59).
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