Analysts forecast that Beacon Roofing Supply, Inc. (NASDAQ:BECN) will announce earnings of $0.95 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Beacon Roofing Supply’s earnings, with estimates ranging from $0.34 to $1.32. Beacon Roofing Supply reported earnings per share of $0.92 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings results on Monday, February 14th.
On average, analysts expect that Beacon Roofing Supply will report full year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.56 to $5.11. For the next fiscal year, analysts forecast that the company will report earnings of $5.22 per share, with EPS estimates ranging from $4.98 to $5.40. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Beacon Roofing Supply.
Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings results on Thursday, November 18th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.32). Beacon Roofing Supply had a positive return on equity of 22.23% and a negative net margin of 0.69%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. Beacon Roofing Supply’s revenue was up 6.9% compared to the same quarter last year.
BECN has been the subject of several research analyst reports. Stephens increased their price objective on Beacon Roofing Supply from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 24th. Zacks Investment Research cut Beacon Roofing Supply from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a report on Wednesday, August 11th. TheStreet upgraded Beacon Roofing Supply from a “c+” rating to a “b” rating in a report on Friday, August 6th. Jefferies Financial Group cut Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $69.00 to $56.00 in a report on Tuesday, August 10th. Finally, Truist cut Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $65.00 to $58.00 in a report on Monday. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $58.23.
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Source: https://www.marketbeat.com/instant-alerts/nasdaq-becn-consensus-analyst-rating-2021-12/