Installed Building Products (IBP) Misses Q4 Earnings and Revenue Estimates

Core Viewpoint - Installed Building Products (IBP) reported quarterly earnings of $2.90 per share, slightly missing the Zacks Consensus Estimate of$ 2.91 per share, but showing an increase from $2.72 per share a year ago, indicating a mixed performance in earnings expectations [1][2]. Financial Performance - The company posted revenues of$ 750.2 million for the quarter ended December 2024, which was 2.72% below the Zacks Consensus Estimate, but an increase from $720.7 million in the same quarter last year [2]. - Over the last four quarters, IBP has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2]. Stock Performance - IBP shares have declined approximately 1.9% since the beginning of the year, contrasting with the S&P 500's gain of 1.3%, indicating underperformance relative to the broader market [3]. - The current Zacks Rank for IBP is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 2.39, with expected revenues of $692.45 million, and for the current fiscal year, the estimate is$ 11.53 on $3.07 billion in revenues [7]. - The trend of estimate revisions for IBP is mixed, which could change following the recent earnings report [6]. Industry Context - The Building Products - Miscellaneous industry, to which IBP belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, suggesting potential challenges ahead [8].