JELD-WEN (JELD) Q3 Earnings and Revenues Miss Estimates

Company Performance - JELD-WEN reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.40 per share, and down from $0.53 per share a year ago, representing an earnings surprise of -20% [1] - The company posted revenues of $934.7 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.40%, and down from $1.08 billion year-over-year [2] - Over the last four quarters, JELD-WEN has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Performance - JELD-WEN shares have lost approximately 24.6% since the beginning of the year, contrasting with the S&P 500's gain of 20.1% [3] - The current consensus EPS estimate for the coming quarter is $0.49 on revenues of $970.7 million, and for the current fiscal year, it is $1.45 on revenues of $3.91 billion [7] Industry Outlook - The Building Products - Wood industry, to which JELD-WEN belongs, is currently in the bottom 32% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of JELD-WEN's stock may be influenced by the overall outlook for the industry [8]