Stock Analysis
- United States
- /
- Trade Distributors
- /
- 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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.
