For the quarter ended December 2023, Beacon Roofing Supply (BECN - Free Report) reported revenue of $2.3 billion, up 16.8% over the same period last year. EPS came in at $1.72, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +1.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Beacon Roofing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue Growth Rate (YoY change) - Residential roofing products: 20.2% versus 19.5% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) - Complementary building products: 16% versus 10.6% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) - Non-residential roofing products: 11.4% versus the three-analyst average estimate of 2.5%.
- Net sales- Residential roofing products: $1.16 billion versus $1.16 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.
- Net sales- Complementary building products: $510 million versus $497.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
- Net sales- Non-residential roofing products: $626.70 million compared to the $581.10 million average estimate based on four analysts. The reported number represents a change of +11.4% year over year.
View all Key Company Metrics for Beacon Roofing here>>>Shares of Beacon Roofing have returned +3.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
For the quarter ended December 2023, Beacon Roofing Supply (BECN - Free Report) reported revenue of $2.3 billion, up 16.8% over the same period last year. EPS came in at $1.72, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +1.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Beacon Roofing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue Growth Rate (YoY change) - Residential roofing products: 20.2% versus 19.5% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) - Complementary building products: 16% versus 10.6% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) - Non-residential roofing products: 11.4% versus the three-analyst average estimate of 2.5%.
- Net sales- Residential roofing products: $1.16 billion versus $1.16 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.
- Net sales- Complementary building products: $510 million versus $497.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
- Net sales- Non-residential roofing products: $626.70 million compared to the $581.10 million average estimate based on four analysts. The reported number represents a change of +11.4% year over year.
View all Key Company Metrics for Beacon Roofing here>>>Shares of Beacon Roofing have returned +3.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on BECN - FREE