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EMCOR Group, Inc. (EME) - $25 value - yours FREE >>
Gibraltar Industries, Inc. (ROCK) - $25 value - yours FREE >>
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EMCOR Group, Inc. (EME) - $25 value - yours FREE >>
Gibraltar Industries, Inc. (ROCK) - $25 value - yours FREE >>
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Gibraltar (ROCK) Trims '17 Guidance on Industry Headwinds
We issued an updated research report on premium steel & iron firm, Gibraltar Industries, Inc. (ROCK - Free Report) , on May 16.
Over the last three months, Gibraltar Industries’ shares recorded a loss of 20.35%, as against 3.32% growth recorded by the Zacks classified Building Products - Miscellaneous Peers industry.
Existing Scenario
In first-quarter 2017, Gibraltar Industries’ profitability decreased on a year-over-year basis due primarily to adverse impacts of the ongoing proactive portfolio management activities and dismal input prices. Sales in the Industrial and Infrastructure Products segment plunged 37%, while that in the Renewable Energy and Conservation segment declined 10%.
This Zacks Rank #4 (Sell) company believes that tepid market conditions would continue to weigh over its results in the quarters ahead. Also, exposure to other headwinds such as stiff industry rivalry, further appreciation of the U.S. currency or unfavorable government construction spending pattern might depress top- and bottom-line performance.
For 2017, Gibraltar Industries trimmed its earnings and revenue guidance. Adjusted earnings are now anticipated to lie within the $1.57–$1.70 per share range, lower than the previous guidance of $1.75–$1.85 per share. Revenue is anticipated to be within $970–$980 million range, down 2–3% year over year.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Boise Cascade Company (BCC - Free Report) has a remarkable positive average earnings surprise of 114.74% for the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TopBuild Corp. (BLD - Free Report) also sports a Zacks Rank #1 and has a positive average earnings surprise of 5.98% for the past four quarters.
EMCOR Group, Inc. (EME - Free Report) currently carries a Zacks Rank #2 (Buy) and has a positive average earnings surprise of 15.45% for the last four quarters.
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