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Why Is Beacon Roofing (BECN) Up 22.5% Since Last Earnings Report?
ZACKS· 2024-11-29 17:37
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, ...
5 Retail Building Products Stocks Set to Thrive Amid Industry Recovery
ZACKS· 2024-11-14 16:15
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 Q3 Earnings & Sales Miss, '24 Adjusted EBITDA View Down
ZACKS· 2024-11-01 16:45
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 ...
Beacon Roofing Supply(BECN) - 2024 Q3 - Quarterly Report
2024-10-31 20:04
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(BECN) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:32
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 ...
Beacon Roofing Supply(BECN) - 2024 Q3 - Earnings Call Presentation
2024-10-31 15:43
| --- | --- | --- | --- | |--------------------------------|-------|-------|-------| | | | | | | 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 ...
Compared to Estimates, Beacon Roofing (BECN) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-31 02:00
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 ...
Beacon Roofing Supply (BECN) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-30 23:50
Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $2.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.78%. A quarter ago, it was expected that this roofing materials distributor would post earnings of $2.82 per share when it actually produced earnings of $2.32, delivering a surprise of -17.73%. Over the l ...
Beacon Roofing Supply(BECN) - 2024 Q3 - Quarterly Results
2024-10-30 20:17
Exhibit 99.1 BEACON REPORTS THIRD QUARTER 2024 RESULTS • Record quarterly sales driven by execution on Ambition 2025 growth initiatives • Disciplined margin management and bottom quintile branch initiative resulted in solid net income and record Adjusted EBITDA • Invested in organic growth by opening four greenfield locations to enhance customer reach • Executed on value-creating acquisitions that are expected to contribute approximately $247 million of sales annually HERNDON, VA. — (BUSINESS WIRE) — Octobe ...
Beacon Roofing Supply (BECN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-23 15:08
Wall Street expects a year-over-year increase in earnings on higher revenues when Beacon Roofing Supply (BECN) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...