Beacon Roofing (BECN) Moves 7.7% Higher: Will This Strength Last?

Core Viewpoint - Beacon Roofing Supply rejected an $11 billion takeover bid from QXO, stating the offer significantly undervalues the company [2] Company Summary - Beacon Roofing Supply shares increased by 7.7% to $117.18, with trading volume higher than average [1] - The company is expected to report quarterly earnings of $1.69 per share, reflecting a year-over-year decline of 1.7%, while revenues are projected to be $2.42 billion, an increase of 5.3% from the previous year [3] - The consensus EPS estimate for Beacon Roofing has been revised down by 9.6% over the last 30 days, indicating a negative trend in earnings estimate revisions [4] Industry Summary - Beacon Roofing operates within the Zacks Building Products - Retail industry, which includes other companies like Tecnoglass [4] - Tecnoglass has a consensus EPS estimate of $1.01 for its upcoming report, representing a year-over-year increase of 26.3% [5]