Building products manufacturer JELD-WEN (NYSE: JELD) will be reporting results this Monday afternoon. Here’s what you need to know.
JELD-WEN beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $823.7 million, down 16.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting JELD-WEN’s revenue to decline 11.7% year on year to $825.7 million, improving from the 13.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JELD-WEN has missed Wall Street’s revenue estimates four times over the last two years.
Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hayward delivered year-on-year revenue growth of 7.4%, beating analysts’ expectations by 5.5%, and Builders FirstSource reported a revenue decline of 6.9%, topping estimates by 2.6%. Hayward traded up 12.1% following the results while Builders FirstSource’s stock price was unchanged.
Read our full analysis of Hayward’s results here and Builders FirstSource’s results here.
Investors in the home construction materials segment have had steady hands going into earnings, with share prices flat over the last month. JELD-WEN is down 11.2% during the same time and is heading into earnings with an average analyst price target of $4.41 (compared to the current share price of $4.34).
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