Unlocking Q4 Potential of Beacon Roofing (BECN): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts expect Beacon Roofing Supply (BECN) to report quarterly earnings of $1.67 per share, reflecting a year-over-year decline of 2.9%, while revenues are projected to be $2.42 billion, an increase of 5.4% from the previous year [1] Earnings Estimates - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [2] Key Metrics Projections - Analysts project 'Net sales- Residential roofing products' to reach $1.16 billion, indicating no change from the year-ago quarter [4] - The estimate for 'Net sales- Complementary building products' is $587.74 million, suggesting a year-over-year increase of 15.2% [4] - 'Net sales- Non-residential roofing products' are expected to be $674.45 million, reflecting a 7.6% increase from the prior-year quarter [5] Revenue Growth Rates - The estimated 'Revenue Growth Rate (YoY change) - Residential roofing products' is -1.7%, compared to 20.2% from the previous year [5] - For 'Revenue Growth Rate (YoY change) - Complementary building products', the consensus stands at 9.6%, down from 16% in the same quarter last year [6] - The estimated 'Revenue Growth Rate (YoY change) - Non-residential roofing products' is 5.8%, compared to 11.4% from the previous year [6] Stock Performance - Beacon Roofing shares have decreased by 1.5% over the past month, while the Zacks S&P 500 composite has seen a decline of 0.5%, with BECN holding a Zacks Rank 2 (Buy), indicating expected outperformance in the near term [7]