Back to top

Bear Of The Day: Beach Roofing Supply (BECN)

Read MoreHide Full Article

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.


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.



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 >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Beacon Roofing Supply, Inc. (BECN) - free report >>

More from Zacks Bear of the Day

You May Like

Published in