JELD-WEN (JELD) Q1 Earnings: What To Expect

JELD Cover Image

Building products manufacturer JELD-WEN (NYSE: JELD) will be announcing earnings results tomorrow after market close. Here’s what you need to know.

JELD-WEN beat analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $895.7 million, down 12.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ organic revenue estimates but full-year revenue guidance missing analysts’ expectations significantly.

Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting JELD-WEN’s revenue to decline 19.8% year on year to $769.6 million, a further deceleration from the 11.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.

JELD-WEN Total Revenue

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 five times over the last two years.

Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 2%, and Hayward reported revenues up 7.7%, topping estimates by 7.1%. Simpson’s stock price was unchanged after the results, while Hayward was up 5.3%.

Read our full analysis of Simpson’s results here and Hayward’s results here.

There has been positive sentiment among investors in the home construction materials segment, with share prices up 13% on average over the last month. JELD-WEN is up 4.9% during the same time and is heading into earnings with an average analyst price target of $6.61 (compared to the current share price of $5.77).

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