Beacon Roofing Supply, Inc. (NASDAQ:BECN) is reporting fourth quarter earnings results on Thursday 19th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.99 per share.
For the full year, analysts predict revenues of $ 6931.60 million, while looking forward to income of $ 2.08 per share.
Previous Quarter Performance
Beacon Roofing Supply, Inc. announced income for the third quarter of $ 1.01 per share, from the revenue of $ 1,793.00 million. The quarterly earnings grew 215.63 percent while revenues down 6.86 percent compared with the same quarter last year.
According to street consensus, BECN was expected to report 3Q20 income of $ 0.60 per share from revenue of $ 1737.57 million. The bottom line results beat street analysts by $ 0.41 or 68.33 percent, at the same time, top line results outshined analysts by $ 55.43 million or 3.19 percent.
Stock Performance
Shares of Beacon Roofing Supply, Inc. traded low $ -0.34 or -0.91 percent on Wednesday, reaching $ 37.13 with volume of 569.20 thousand shares. Beacon Roofing Supply, Inc. has traded high as $ 37.82 and has cracked $ 37.12 on the downward trend
According to the previous trading day, closing price of $ 37.13, representing a 221.08 % increase from the 52 week low of $ 11.67 and a 2.68 % decrease over the 52 week high of $ 38.50.
The company has a market capital of $ 2.57 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 14th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 44.00 target price.
- On 12th October 2020, upgraded by Robert W. Baird to Outperform from Neutral rating, with $ 43.00 target price.
- On 6th October 2020, upgraded by William Blair to Outperform from Market Perform rating.
Conference Call
Beacon Roofing Supply, Inc. will be hosting a conference call at 5:00 PM eastern time on 19th November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.beaconroofingsupply.com
Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The companys residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems. Its non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.
