Gibraltar Industries ROCK reported its Q4 earnings results on Wednesday, February 23, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
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Earnings
Gibraltar Industries missed estimated earnings by 28.95%, reporting an EPS of $0.54 versus an estimate of $0.76.
Revenue was up $69.25 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.25 which was followed by a 0.78% increase in the share price the next day.
Here's a look at Gibraltar Industries's past performance:
Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|
EPS Estimate | 1.16 | 0.87 | 0.50 | 0.63 |
EPS Actual | 0.91 | 0.80 | 0.53 | 0.59 |
Revenue Estimate | 376.92M | 327.35M | 274.75M | 282.25M |
Revenue Actual | 369.35M | 348.39M | 287.59M | 265.20M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Gibraltar Industries management provided guidance for their next quarter, expecting earnings between $2.74 and $2.78 per share for the next quarter.
This represents a 411.11% in quarter-over-quarter growth for Gibraltar Industries, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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