JELD-WEN Likely To Post Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

JELD-WEN Holding, Inc. JELD is expected to report its second quarter financial results, after the closing bell on Aug. 7, 2023.

Analysts expect the company to post quarterly earnings at 33 cents per share, down from year-ago earnings of 57 cents per share. The company’s revenue might come in at $1.1 billion, compared to year-ago sales of $1.33 billion.

JELD-WEN shares rose 1.6% to close at $17.99 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Jefferies analyst Philip Ng maintained a Hold rating and raised the price target from $15 to $18 on July 13, 2023. This analyst has an accuracy rate of 69%.
• Truist Securities analyst Keith Hughes maintained a Hold rating and increased the price target from $12 to $15 on May 11, 2023. This analyst has an accuracy rate of 78%.
• B. Riley Securities analyst Alex Rygiel maintained a Neutral rating and boosted the price target from $12 to $14 on Feb. 22, 2023. This analyst has an accuracy rate of 83%.
• Deutsche Bank analyst Joe Ahlersmeyer maintained a Hold rating and increased the price target from $11 to $12 on Jan. 11, 2023. This analyst has an accuracy rate of 68%.
• JP Morgan analyst Michael Rehaut upgraded the stock from Underweight to Neutral with a price target of $9.5 on Dec. 20, 2022. This analyst has an accuracy rate of 73%.

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