Gibraltar Industries(US:ROCK) ZACKSยท2024-10-30 13:46Company Performance - Gibraltar Industries reported quarterly earnings of $1.27 per share, exceeding the Zacks Consensus Estimate of $1.26 per share, but down from $1.38 per share a year ago, indicating a 7.99% year-over-year decline [1] - The company posted revenues of $361.2 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.25% and down from $390.74 million year-over-year [2] - Over the last four quarters, Gibraltar Industries has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - Shares of Gibraltar Industries have declined approximately 17.7% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current Zacks Rank for Gibraltar Industries is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.94 on revenues of $314.8 million, and for the current fiscal year, it is $4.18 on revenues of $1.32 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Building Products - Miscellaneous industry, to which Gibraltar Industries belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, suggesting a challenging environment [8]