- United States
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- Trade Distributors
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- NasdaqGS:BECN
Beacon Roofing Supply Second Quarter 2024 Earnings: EPS Misses Expectations
Beacon Roofing Supply (NASDAQ:BECN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$2.67b (up 6.8% from 2Q 2023).
- Net income: US$127.2m (up 2.9% from 2Q 2023).
- Profit margin: 4.8% (down from 4.9% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$2.03 (up from US$1.94 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Beacon Roofing Supply EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 16% from a week ago.
Valuation
Our analysis of these results suggests Beacon Roofing Supply may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
Valuation is complex, but we're here to simplify it.
Discover if Beacon Roofing Supply might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqGS:BECN
Beacon Roofing Supply
Engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada.
Very undervalued with moderate growth potential.