Gibraltar Industries Shares Fall on Lowered 2024 Guidance

Shares in Gibraltar Industries fell after the company cut its guidance for the year citing continued headwinds in its renewables and residential businesses. Shares were down 5% to $66.63 in …

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Gibraltar Industries Shares Fall On Lowered 2024 Guidance

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Shares in Gibraltar Industries fell after the company cut its guidance for the year citing continued headwinds in its renewables and residential businesses. Shares were down 5% to $66.63 in …

marketwatch.com

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ROCK’s Revised 2024 Guidance - Yahoo Finance

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Oct 14, 2024 · ROCK’s Revised 2024 Guidance. During the second quarter of 2024 earnings, the company lowered its net sales expectations, for the year, to the range of $1.38-$1.42 billion …

yahoo.com

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Gibraltar Industries Lowers 2024 Financial Guidance - MSN

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Gibraltar Industries (NASDAQ:ROCK) said on Friday it has revised the 2024 adjusted EPS guidance to a range of $4.11 - $4.25 from $4.57 - $4.82, vs. $4.59 consensus and $4.09 in …

msn.com

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Gibraltar Industries, Inc. Revises Consolidated Earnings Guidance …

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Oct 11, 2024 · Gibraltar Industries, Inc. revised consolidated earnings guidance for the full year ending December 31, 2024. ... Guidance Provided; Shares Lose 1.5% Pre-Bell 24-10-30: MT …

marketscreener.com

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Why Gibraltar Industries Stock Is Eroding Today

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Feb 21, 2024 · Gibraltar's guidance for the new year was solid, but a bit underwhelming. The company expects full-year earnings of $4.57 to $4.82 per share. The midpoint of that range is …

fool.com

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Gibraltar's Q3 Earnings Beat Estimates, Sales Miss, Stock Rises

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Oct 31, 2024 · Gibraltar Industries, Inc. ... Gibraltar’s 2024 Guidance. Gibraltar expects net sales in the band of $1.31-$1.33 billion. ... Masco lowered the upper limit of its 2024 adjusted …

zacks.com

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Why Is Gibraltar Industries (ROCK) Down 3.2% Since Last ... - Nasdaq

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Aug 30, 2024 · A month has gone by since the last earnings report for Gibraltar Industries (ROCK). Shares have lost about 3.2% in that time frame, underperforming the S&P 500. ...

nasdaq.com

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Gibraltar Industries (ROCK) Up 6.5% Since Last Earnings Report

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Nov 29, 2024 · A month has gone by since the last earnings report for Gibraltar Industries (ROCK). Shares have added about 6.5% in that time frame, outperforming the S&P 500. ...

nasdaq.com

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Gibraltar Revises 2024 Guidance Amid Renewables Slowdown

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Oct 11, 2024 · Gibraltar Industries reported mixed results for its second quarter of 2024, with a slight 2% dip in adjusted net sales, but a modest increase in adjusted net income and earnings …

investing.com

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Gibraltar Industries Inc (ROCK) Q3 2024 Earnings Call Highlights ...

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Oct 31, 2024 · Stock Repurchase: $9 million used to repurchase approximately 139,000 shares. 2024 Revenue Guidance: Expected between $1.31 billion to $1.33 billion. 2024 Adjusted …

yahoo.com

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Gibraltar Industries Q2 Adjusted Earnings Rise, Net Sales Fall; 2024 ...

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Jul 31, 2024 · -- Gibraltar Industries shares were down 9.5% in recent Wednesday trading after the company reported lower-than-expected Q2 results and lowered its 2024 revenue …

marketscreener.com

FAQs about Gibraltar Industries Shares Fall on Lowered 2024 Guidance Coupon?

Is 2024 a good year for Gibraltar Industries?

Fundamentally speaking, 2024 is not turning out to be a great year for Gibraltar Industries or its investors. Take the most recent financial results as an example. These cover the third quarter of the 2024 fiscal year. During that time, revenue for the company came in at $361.2 million. ...

Are Gibraltar Industries' shares a bargain?

ROCK management revised down its 2024 fiscal year guidance, forecasting lower revenue and earnings per share than previously expected. Despite having no debt and substantial cash reserves, Gibraltar Industries' shares are not currently cheap enough to be considered a bargain. Looking for a helping hand in the market? ...

Why did Gibraltar Industries downgrade from 'buy' to 'hold'?

Gibraltar Industries, Inc. experienced a decline in revenue, profits, and cash flows, leading to a downgrade from “buy” to “hold.”. The Renewables and Residential segments saw significant revenue drops due to regulatory issues and a residential market slowdown. ...

Is Gibraltar a good stock to buy?

Gibraltar has proven to be a volatile stock, with a recent history of running up ahead of earnings only to go sideways or down once results are released. But the long-term trajectory has been positive, with the shares delivering a market-beating 300% gain over the past decade. This is not a stock for those who wish to avoid turbulence. ...

Why are shares falling 2% in 2024?

Management has also revised down guidance for the 2024 fiscal year. This has caused shares to decline by roughly 2% at a time when the S&P 500 (SP500) is up 12.8%. This combination of factors has me feeling less optimistic about the company than I was previously. ...

Will renewables & AgTech continue in 2024?

CEO Bill Bosway believes the one-time issues associated with renewables and agtech won't repeat this year, stating, "For 2024, we expect strong performances for all four segments." The CFO transition appears to be orderly, and given the extended period until Murphy leaves, it doesn't seem to be a sign of trouble. ...