Beacon Roofing Supply (BECN) reported $2.5 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.2%. EPS of $2.66 for the same period compares to $2.41 a year ago.
The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $2.5 billion. With the consensus EPS estimate being $2.27, the EPS surprise was +17.18%.
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: 8.5% versus -1.63% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) – Complementary building products: 11.6% versus 12.35% estimated by three analysts on average.
- Revenue Growth Rate (YoY change) – Non-residential roofing products: -1.7% compared to the 1.23% average estimate based on three analysts.
- Net sales- Residential roofing products: $1.30 billion compared to the $1.24 billion average estimate based on four analysts. The reported number represents a change of +8.5% year over year.
- Net sales- Complementary building products: $534.90 million versus $558.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
- Net sales- Non-residential roofing products: $670.80 million versus $670.45 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.7% change.
View all Key Company Metrics for Beacon Roofing here>>>
Shares of Beacon Roofing have returned +5% over the past month versus the Zacks S&P 500 composite’s +1.1% 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.
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Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
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