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Gibraltar's Growth Prospects Strong, Stiff Competition a Drag
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We issued an updated research report on the premium steel & iron firm Gibraltar Industries, Inc. (ROCK - Free Report) on Jun 10, 2016. The company enjoys a leading position in the industry supported by its diversified product offering.
Bullish Factors
Gibraltar Industries’ is improving its top line and bottom line on the back of a productive value-creation strategy. Under this program, the company continues to improve its operational performance through more economic pricing, reduction in overhead expenses, consolidation of important facilities and increased efficiency in all three business segments.
Moreover, the company is attempting to improve its revenues via strategic inorganic growth initiatives. For instance, the RBI acquisition is expected to support Gibraltar Industries’ financial position in the quarters ahead. We also believe that the company’s pillar growth strategy would prove to be highly productive in the to-be-reported quarters.
Based on such initiatives, Gibraltar Industries expects to generate revenues in the range of $1.04–$1.06 billion for full-year 2016. This reflects an increase of 1% year over year. Full-year earnings are estimated the range of $1.30–$1.40 per share as against $1.09 at year-end 2015.
Headwinds
Gibraltar Industries conducts its trade in a highly competitive industry. Intense competition exposes the company to risks of market share loss and products’ competitiveness. Moreover, several construction of the company involves long gestation periods and hence, is generally funded by government authorities. As a result, demand in the company’s construction market is highly dependent on government funding.
In addition, the company’s international operations are subject to foreign currency risks, various environmental and economic laws, geo-political risks. Such factors might lead advereslt affect for the company’s near-term operations.
Stocks to Consider
Gibraltar Industries presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Installed Building Products, Inc. (IBP - Free Report) , Simpson Manufacturing Co., Inc. (SSD - Free Report) and TopBuild Corp. (BLD - Free Report) . All the three stocks currently sport a Zacks Rank #1 (Strong Buy).
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Gibraltar's Growth Prospects Strong, Stiff Competition a Drag
We issued an updated research report on the premium steel & iron firm Gibraltar Industries, Inc. (ROCK - Free Report) on Jun 10, 2016. The company enjoys a leading position in the industry supported by its diversified product offering.
Bullish Factors
Gibraltar Industries’ is improving its top line and bottom line on the back of a productive value-creation strategy. Under this program, the company continues to improve its operational performance through more economic pricing, reduction in overhead expenses, consolidation of important facilities and increased efficiency in all three business segments.
Moreover, the company is attempting to improve its revenues via strategic inorganic growth initiatives. For instance, the RBI acquisition is expected to support Gibraltar Industries’ financial position in the quarters ahead. We also believe that the company’s pillar growth strategy would prove to be highly productive in the to-be-reported quarters.
Based on such initiatives, Gibraltar Industries expects to generate revenues in the range of $1.04–$1.06 billion for full-year 2016. This reflects an increase of 1% year over year. Full-year earnings are estimated the range of $1.30–$1.40 per share as against $1.09 at year-end 2015.
Headwinds
Gibraltar Industries conducts its trade in a highly competitive industry. Intense competition exposes the company to risks of market share loss and products’ competitiveness. Moreover, several construction of the company involves long gestation periods and hence, is generally funded by government authorities. As a result, demand in the company’s construction market is highly dependent on government funding.
In addition, the company’s international operations are subject to foreign currency risks, various environmental and economic laws, geo-political risks. Such factors might lead advereslt affect for the company’s near-term operations.
Stocks to Consider
Gibraltar Industries presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Installed Building Products, Inc. (IBP - Free Report) , Simpson Manufacturing Co., Inc. (SSD - Free Report) and TopBuild Corp. (BLD - Free Report) . All the three stocks currently sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>