Janus International Group, Inc. (JBI) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Janus International Group, Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, but down from $0.21 per share a year ago, indicating a 62.50% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The quarterly revenue was $210.5 million, surpassing the Zacks Consensus Estimate by 1.54%, but down from $254.5 million year-over-year [2] - The earnings surprise for the last quarter was 400%, with actual earnings of $0.05 compared to an expected $0.01 [1] Group 2: Stock Performance and Outlook - Janus International Group shares have declined approximately 2.7% year-to-date, while the S&P 500 has decreased by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $212.2 million, and for the current fiscal year, it is $0.48 on revenues of $874.6 million [7] Group 3: Industry Context - The Building Products - Miscellaneous industry is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]