Beacon Roofing Supply (BECN - Free Report) is a Zacks Rank #5 (Strong Sell) and today is the Bear of the Day. Let's take a look a why the Zacks Rank slipped to the lowest level in this article.
Description
Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing materials in the United States and Canada. It also distributes other complementary exterior building products. It operate in several states and three Canadian provinces and is a leading distributor of roofing materials in key metropolitan markets in the Northeast, Mid-Atlantic, Southeast and Southwest regions of the United States and in Eastern Canada.
Earnings History
BECN posted a miss of the Zacks Consensus Estimate on November 19. The company posted a gain of $1.07 when the estimate was calling for $1.36. That 29 cent miss translates into a negative earnings surprise of 21%.
It was the third miss in a row for BECN, something investors do not like to see.
Estimate Revisions
Since the miss, estimates have been dropping. The Zacks Consensus Estimate for the current quarter has slipped from $0.77 30 days ago to $0.57.
The Zacks Consensus Estimate for 2018 has dropped from $3.84 to $3.08 over that same time horizon.
The same can be said of the 2019 number, which has fallen from $4.55 to $3.45 over the same time period.
When estimates fall, the Zacks Rank falls with them.
Chart
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It's not the one you think.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Beacon Roofing Supply (BECN - Free Report) is a Zacks Rank #5 (Strong Sell) and today is the Bear of the Day. Let's take a look a why the Zacks Rank slipped to the lowest level in this article.
Description
Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing materials in the United States and Canada. It also distributes other complementary exterior building products. It operate in several states and three Canadian provinces and is a leading distributor of roofing materials in key metropolitan markets in the Northeast, Mid-Atlantic, Southeast and Southwest regions of the United States and in Eastern Canada.
Earnings History
BECN posted a miss of the Zacks Consensus Estimate on November 19. The company posted a gain of $1.07 when the estimate was calling for $1.36. That 29 cent miss translates into a negative earnings surprise of 21%.
It was the third miss in a row for BECN, something investors do not like to see.
Estimate Revisions
Since the miss, estimates have been dropping. The Zacks Consensus Estimate for the current quarter has slipped from $0.77 30 days ago to $0.57.
The Zacks Consensus Estimate for 2018 has dropped from $3.84 to $3.08 over that same time horizon.
The same can be said of the 2019 number, which has fallen from $4.55 to $3.45 over the same time period.
When estimates fall, the Zacks Rank falls with them.
Chart
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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