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Building Product Stocks Earnings on Nov 3: AAON, IBP & More
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After a series of third-quarter 2016 earnings releases by companies in the construction sector, we are gearing up for the next batch of reports this week. In the construction space, 61.5% companies have already reported their results. According to our latest Earnings Outlook, 37.5% have surpassed earnings estimates while 12.5% beat revenue expectations.
Total earnings for these companies increased 6.4% on 7% higher revenues.
Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation increase optimism about the sector’s performance. Further, a strong home remodeling market along with solid job data and rising consumer confidence are doing the trick for these stocks.
So far, some of the leading companies in the construction sector have reported their third-quarter numbers. Masco Corporation’s (MAS - Free Report) earnings and revenues missed the Zacks Consensus Estimate. PulteGroup Inc.’s (PHM - Free Report) earnings were in line with the Zacks Consensus Estimate while revenues missed the same. KB Home’s (KBH - Free Report) earnings surpassed analysts’ expectations by 7.7% and also increased 83% year over year.
Let us take a look at how a few building product stocks are placed ahead of their third-quarter earnings releases on Nov 3.
AAON Inc. (AAON - Free Report) is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
Per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth.
Headquartered in Columbus, OH Installed Building Products, Inc. (IBP - Free Report) operates as a residential insulation installer in the United States. The company has a Zacks Rank #3 and Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Our proven model does not conclusively show a beat for Installed Building this quarter. In the preceding quarter, the company posted a negative earnings surprise of 10.81%.
The company reported positive earnings surprise in only one of the past four quarters, with an average negative surprise of 8.61%.
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 44 cents, reflecting an increase of 45.56% year over year, while the consensus for revenues is at $230.5 million, reflecting a 26.96% year-over-year increase.
Houston, TX-based, U.S. Concrete, Inc. is a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States.
Our model does not predict a beat for the company as it has an Earnings ESP of 0.00% and a Zacks Rank #4(Sell).
In the previous quarter, the company posted a negative earnings surprise of 52.27%. U.S. Concrete reported positive earnings surprises in two of the past four quarters, with an average beat of 1.7%.
For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.13, reflecting a decline of 37.91% year over year, while the consensus for revenues is at $335.19 million, implying 13.58% year-over-year growth.
PGT, Inc. ) is the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 which makes it difficult to predict a beat for the company this quarter.
In the previous quarter, the company’s earnings were in line with our estimates. PGT reported positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.66%.
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 18 cents, reflecting an increase of 10.42% year over year, while the consensus for revenues is at $124.17 million, implying 23.34% year-over-year growth.
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Building Product Stocks Earnings on Nov 3: AAON, IBP & More
After a series of third-quarter 2016 earnings releases by companies in the construction sector, we are gearing up for the next batch of reports this week. In the construction space, 61.5% companies have already reported their results. According to our latest Earnings Outlook, 37.5% have surpassed earnings estimates while 12.5% beat revenue expectations.
Total earnings for these companies increased 6.4% on 7% higher revenues.
Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation increase optimism about the sector’s performance. Further, a strong home remodeling market along with solid job data and rising consumer confidence are doing the trick for these stocks.
So far, some of the leading companies in the construction sector have reported their third-quarter numbers. Masco Corporation’s (MAS - Free Report) earnings and revenues missed the Zacks Consensus Estimate. PulteGroup Inc.’s (PHM - Free Report) earnings were in line with the Zacks Consensus Estimate while revenues missed the same. KB Home’s (KBH - Free Report) earnings surpassed analysts’ expectations by 7.7% and also increased 83% year over year.
Let us take a look at how a few building product stocks are placed ahead of their third-quarter earnings releases on Nov 3.
AAON Inc. (AAON - Free Report) is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
Per our model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
Thus, AAON is not likely to beat earnings this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank stocks here.
AAON INC Price and EPS Surprise
AAON INC Price and EPS Surprise | AAON INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 29 cents, reflecting an increase of 16% year over year, while the consensus for revenues is at $108 million, implying 14.5% year-over-year growth.
Headquartered in Columbus, OH Installed Building Products, Inc. (IBP - Free Report) operates as a residential insulation installer in the United States. The company has a Zacks Rank #3 and Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Our proven model does not conclusively show a beat for Installed Building this quarter. In the preceding quarter, the company posted a negative earnings surprise of 10.81%.
The company reported positive earnings surprise in only one of the past four quarters, with an average negative surprise of 8.61%.
INSTALLED BUILD Price and EPS Surprise
INSTALLED BUILD Price and EPS Surprise | INSTALLED BUILD Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 44 cents, reflecting an increase of 45.56% year over year, while the consensus for revenues is at $230.5 million, reflecting a 26.96% year-over-year increase.
Houston, TX-based, U.S. Concrete, Inc. is a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States.
Our model does not predict a beat for the company as it has an Earnings ESP of 0.00% and a Zacks Rank #4(Sell).
In the previous quarter, the company posted a negative earnings surprise of 52.27%. U.S. Concrete reported positive earnings surprises in two of the past four quarters, with an average beat of 1.7%.
US CONCRETE INC Price and EPS Surprise
US CONCRETE INC Price and EPS Surprise | US CONCRETE INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at $1.13, reflecting a decline of 37.91% year over year, while the consensus for revenues is at $335.19 million, implying 13.58% year-over-year growth.
PGT, Inc. ) is the nation's leading manufacturer and supplier of residential impact-resistant windows and doors. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 which makes it difficult to predict a beat for the company this quarter.
In the previous quarter, the company’s earnings were in line with our estimates. PGT reported positive earnings surprise in one of the past four quarters, with an average positive surprise of 1.66%.
PGT INC Price and EPS Surprise
PGT INC Price and EPS Surprise | PGT INC Quote
For the quarter, the Zacks Consensus Estimate for earnings is pegged at 18 cents, reflecting an increase of 10.42% year over year, while the consensus for revenues is at $124.17 million, implying 23.34% year-over-year growth.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.Click here for a peek at this private information >>