Gibraltar Industries Inc (NASDAQ: ROCK) has reported earnings for its first fiscal quarter (ending March 31) of $0.82 versus $0.68 for the same period a year ago — an increase of 21%. This result exceeded the consensus estimate of $0.81 by $0.01. For the latest four quarters through March 31, E.P.S. were $3.76 compared to $2.77 a year ago — an increase of 36%.
Recent Price Action
Gibraltar Industries Inc (NASDAQ: ROCK) stock closed at $68.86 on 5/1/24 after a decline of -3.6%. Moreover, trading volume in this decline was exceptionally high at 202% of normal. The stock has declined -6.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ROCK is expected to continue to be an important Value Builder.
Gibraltar Industries has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gibraltar Industries has a neutral Appreciation Score of 43 but a good Power Rating of 76, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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