For its third fiscal quarter (ending September 30), Installed Building Products Inc (NYSE: IBP) has reported a 13% increase in E.P.S. from $2.14 a year ago to $2.41 in the current quarter. This performance was $0.06 better than the consensus estimate of $2.35. E.P.S. were $8.78 for the latest four quarters through September 30 versus $6.36 for the same period a year ago — an increase of 38%.
Recent Price Action
Installed Building Products Inc (NYSE: IBP) stock declined by -1.5% on 11/8/23. The shares closed at $121.43. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IBP is expected to continue to be a major Value Builder.
Installed Building Products has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Installed Building Products has a slightly positive Appreciation Score of 68 and a very high Power Rating of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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