Installed Building Products Inc (IBP, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $760.49 million, and the earnings are expected to come in at $2.75 per share. The full year 2024's revenue is expected to be $2.97 billion and the earnings are expected to be $9.87 per share. More detailed estimate data can be found on the Forecast page.
Installed Building Products Inc (IBP, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Installed Building Products Inc (IBP) for the full year 2024 have declined from $2.98 billion to $2.97 billion, and for 2025, from $3.15 billion to $3.15 billion. Earnings estimates have also seen a reduction, with the full year 2024 decreasing from $9.95 per share to $9.87 per share, and for 2025, from $10.83 per share to $10.69 per share.
Installed Building Products Inc (IBP, Financial) Reported History
In the previous quarter of 2024-06-30, Installed Building Products Inc's (IBP) actual revenue was $737.60 million, which missed analysts' revenue expectations of $745.50 million by -1.06%. Installed Building Products Inc's (IBP) actual earnings were $2.30 per share, which missed analysts' earnings expectations of $2.56 per share by -10.05%. After releasing the results, Installed Building Products Inc (IBP) was down by -12.75% in one day.
Installed Building Products Inc (IBP, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 10 analysts, the average target price for Installed Building Products Inc (IBP) is $255.60 with a high estimate of $296 and a low estimate of $201. The average target implies an upside of 9.91% from the current price of $232.55.
Based on GuruFocus estimates, the estimated GF Value for Installed Building Products Inc (IBP, Financial) in one year is $159.18, suggesting a downside of -31.55% from the current price of $232.55.
Based on the consensus recommendation from 12 brokerage firms, Installed Building Products Inc's (IBP, Financial) average brokerage recommendation is currently 2.5, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
