For its third fiscal quarter (ending September 30), Beacon Roofing Supply Inc (NASDAQ: BECN) has reported a -309% decline in E.P.S. from $1.99 a year ago to $-4.16 in the current quarter. This performance was $-6.79 short of the consensus estimate of $2.63.
Recent Price Action
On 11/2/23, Beacon Roofing Supply Inc (NASDAQ: BECN) stock rose modestly by 0.7%, closing at $73.47. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BECN is expected to continue to be a major Value Builder.
Beacon Roofing Supply has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Beacon Roofing Supply has a slightly negative Appreciation Score of 37 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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