Installed Building Products Inc (NYSE: IBP) has reported earnings for its first fiscal quarter (ending March 31) of $1.98 versus $1.76 for the same period a year ago — an increase of 12%. However, this result fell short of the consensus estimate of $2.52 by $-0.54. For the latest four quarters through March 31, E.P.S. were $8.88 compared to $8.41 a year ago — an increase of 6%.
Recent Price Action
Installed Building Products Inc (NYSE: IBP) stock enjoyed a large increase of 2.1% on 5/9/24. The stock closed at $236.78. Moreover, this advance was accompanied by above average trading volume at 140% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Installed Building Products has a neutral Appreciation Score of 45 but a very high Power Rating of 100, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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