Beacon Roofing Supply Inc (NASDAQ: BECN) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.50 versus $0.90 for the same period a year ago — an increase of 67%. However, this result fell short of the consensus estimate of $1.67 by $-0.17. For the latest four quarters through December 31, E.P.S. were $-0.43 versus $5.66 for the same period a year ago — a decline of -108%.
Recent Price Action
Beacon Roofing Supply Inc (NASDAQ: BECN) stock closed at $89.49 on 2/27/24 after an increase of 1.2%. Moreover, above average trading volume at 143% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
BECN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Beacon Roofing Supply has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Beacon Roofing Supply has a slightly negative Appreciation Score of 35 but a good Power Rating of 82, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment