Beacon Roofing Supply, Inc. (BECN) , a leading distributor of roofing, waterproofing and exterior products, reported progress in its fourth-quarter expansion efforts for 2024.The company added two new branches and completed two acquisitions, enhancing its presence in Massachusetts, Missouri and Tennessee. The initiatives indicate Beacon’s focus on growing its service area and strengthening the company’s market position.More on Beacon's Recent Growth InitiativesBeacon continued its M&A growth strategy by acq ...

Investment Strategy - Value investing is a popular method to identify undervalued stocks with profit potential, relying on traditional analysis of key valuation metrics [2] - The Zacks Style Scores system helps identify stocks with specific traits, such as high Zacks Rank and "A" grades for Value, indicating high-quality value stocks [3] Company Analysis: Beacon Roofing Supply (BECN) - BECN currently holds a Zacks Rank of 2 (Buy) and an "A" grade for Value, suggesting strong investment potential [4] - The company's P/E ratio is 12.46, significantly lower than the industry average of 18.35, indicating potential undervaluation [4] - BECN's Forward P/E has ranged between 9.68 and 14.04 over the past 12 months, with a median of 11.50 [4] - The PEG ratio of BECN is 1.66, below the industry average of 1.93, suggesting the stock may be undervalued relative to its earnings growth potential [5] - BECN's PEG ratio has fluctuated between 1.14 and 1.74 over the past year, with a median of 1.47 [5] - The P/S ratio of BECN is 0.65, lower than the industry average of 0.88, indicating potential undervaluation based on sales performance [6] - BECN's P/CF ratio is 11.39, significantly lower than the industry average of 27.44, suggesting the stock is undervalued relative to its cash flow [7] - The P/CF ratio has ranged between 8.71 and 12.63 over the past 52 weeks, with a median of 10.26 [7] Conclusion - BECN appears to be undervalued based on multiple valuation metrics, including P/E, PEG, P/S, and P/CF ratios, compared to industry averages [4][5][6][7] - The company's strong earnings outlook further supports its potential as a high-quality value stock [8]

Beacon Roofing Supply, Inc. (BECN) is benefiting from the effective implementation of its Ambition 2025 targets and cost-reduction initiatives. The company’s emphasis on expanding through acquisitions, along with investments in digital and productivity enhancements, is expected to support its prospects.Shares of this largest publicly traded distributor of residential and non-residential roofing materials have gained 17.6% in the past year compared with the Zacks Building Products – Retail industry’s growth ...

It has been about a month since the last earnings report for Beacon Roofing Supply (BECN) . Shares have added about 22.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Beacon Roofing due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Beacon Q3 Earnings & Sales Miss, ...

Participants in the Zacks Building Products – Retail industry are poised to benefit from technological initiatives to enhance the e-commerce experience. Companies are strengthening, expanding online offerings and enhancing omni-channel capabilities. Industry players are also gaining from strategic acquisitions, supply-chain growth and digital innovations. Experts believe that the U.S. Federal Reserve’s recent rate cut also positions the industry participants to benefit from lower interest rates, which shoul ...

Beacon Roofing Supply, Inc. (BECN) reported lower-than-expected third-quarter 2024 results, with earnings and net sales missing the Zacks Consensus Estimate. The top line grew, while the bottom line declined year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.The year-over-year growth in the top line was backed by continued benefits realized from greenfield locations and acquired branches, along with strong demand trends for non-discretionary repair and reroofing. During the q ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value BECN NASDAQ Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Binit Sanghvi - Vice President of Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Philip Ng - Jefferies Group LLC Brian Biros - Thompson Research Group Ryan Merkel - William Blair & Company Ketan Mamtora - BMO Capital Markets Michael Rehaut - JPMorgan Chase & Co. Michael Dahl - RB ...

| --- | --- | --- | --- | |--------------------------------|-------|-------|-------| | | | | | | 2024 | | | | | Q3 2024 EARNINGS PRESENTATION | | | | | OCTOBER 31, 2024 | | | | Disclosure Notice This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. In addition, oral statements made by our directors ...

For the quarter ended September 2024, Beacon Roofing Supply (BECN) reported revenue of $2.77 billion, up 7.3% over the same period last year. EPS came in at $2.80, compared to $2.85 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.78 billion, representing a surprise of -0.24%. The company delivered an EPS surprise of -2.78%, with the consensus EPS estimate being $2.88. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...