Bear Of The Day: Beacon Rooking Supply (BECN)

Company Overview - Beacon Roofing Supply, Inc. is engaged in the distribution of residential and non-residential roofing materials, as well as complementary building products such as siding, windows, insulation, and waterproofing systems [2] Earnings Performance - The company has missed the Zacks Consensus Estimate in each of the last three quarters, contrasting with a beat a year ago [4] - The current fiscal year consensus earnings estimate has decreased from $8.02 to $7.40 over the last 60 days, while the next year's estimate has dropped from $13.88 to $12.52 over the last 30 days [5] Market Sentiment - Beacon Roofing Supply is currently rated as Zacks Rank 5 (Strong Sell) due to the negative movement in earnings estimates, indicating a bearish outlook [1][5] - The broader market context shows that many stocks within the Zacks universe are experiencing negative earnings estimate revisions, contributing to the overall decline in sentiment [6]