In This Article:
Beacon Roofing Supply (BECN) reported $2.67 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.8%. EPS of $2.32 for the same period compares to $2.66 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.69 billion, representing a surprise of -0.62%. The company delivered an EPS surprise of -17.73%, with the consensus EPS estimate being $2.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Beacon Roofing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
-
Revenue Growth Rate (YoY change) - Residential roofing products
: 2.4% versus the three-analyst average estimate of 8.9%.
-
Revenue Growth Rate (YoY change) - Complementary building products
: 12.3% versus the three-analyst average estimate of 7.5%.
-
Revenue Growth Rate (YoY change) - Non-residential roofing products
: 11.1% versus 1.7% estimated by three analysts on average.
-
Net sales- Residential roofing products
: $1.33 billion versus $1.40 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
-
Net sales- Complementary building products
: $600.60 million versus $591.90 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change.
-
Net sales- Non-residential roofing products
: $745.10 million versus the four-analyst average estimate of $704.26 million. The reported number represents a year-over-year change of +11.1%.
View all Key Company Metrics for Beacon Roofing here>>>
Shares of Beacon Roofing have returned +16.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report