GMS (GMS) Misses Q2 Earnings Estimates

Company Performance - GMS reported quarterly earnings of $2.02 per share, missing the Zacks Consensus Estimate of $2.26 per share, and down from $2.30 per share a year ago, representing an earnings surprise of -10.62% [1] - The company posted revenues of $1.47 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 1.12%, and up from $1.42 billion year-over-year [2] - Over the last four quarters, GMS has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Future Outlook - The sustainability of GMS's stock price movement will depend on management's commentary during the earnings call and the earnings outlook [3][5] - The current consensus EPS estimate for the coming quarter is $1.73 on revenues of $1.32 billion, and for the current fiscal year, it is $7.95 on revenues of $5.68 billion [8] - The estimate revisions trend for GMS is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Building Products - Retail industry, to which GMS belongs, is currently in the top 13% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9]