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Beacon Roofing Supply (BECN) Reports Q1: Everything You Need To Know Ahead Of Earnings

BECN Cover Image

Roofing materials distributor Beacon Roofing Supply (NASDAQ: BECN) is expected to be reporting results this Tuesday after market close. Here’s what to expect.

Beacon Roofing Supply missed analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $2.40 billion, up 4.5% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates.

Is Beacon Roofing Supply a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Beacon Roofing Supply’s revenue to decline 3.6% year on year to $1.84 billion, a reversal from the 10.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.15 per share.

Beacon Roofing Supply 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. Beacon Roofing Supply has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Beacon Roofing Supply’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GMS’s revenues decreased 5.6% year on year, beating analysts’ expectations by 2.9%, and Core & Main reported revenues up 9.8%, topping estimates by 3.5%. GMS traded up 37.3% following the results while Core & Main was down 3.1%.

Read our full analysis of GMS’s results here and Core & Main’s results here.

There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.9% on average over the last month. during the same time.

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