Beacon Roofing Supply (BECN) Lags Q2 Earnings and Revenue Estimates

Core Viewpoint - Beacon Roofing Supply reported quarterly earnings of $2.32 per share, missing the Zacks Consensus Estimate of $2.82 per share, representing an earnings surprise of -17.73% [1] - The company posted revenues of $2.67 billion for the quarter, which also fell short of the Zacks Consensus Estimate by 0.62% [2] Financial Performance - Year-over-year earnings decreased from $2.66 per share to $2.32 per share [1] - Revenues increased from $2.5 billion a year ago to $2.67 billion [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance - Beacon Roofing shares have gained approximately 18.1% since the beginning of the year, outperforming the S&P 500's gain of 15.8% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.87 on revenues of $2.7 billion, and for the current fiscal year, it is $7.79 on revenues of $9.64 billion [7] - The estimate revisions trend for Beacon Roofing is mixed, which may change following the recent earnings report [6] Industry Context - The Building Products - Retail industry is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - GMS, another company in the same industry, is expected to report quarterly earnings of $2.07 per share, reflecting a year-over-year change of -13.8% [9]