GMS Inc. Q2 earnings miss forecast, mixed analyst outlook.
GMS Inc., a US and Canada-based wallboard, ceiling, and steel framing supplier, has received a mixed outlook from financial analysts. While StockNews.com and Barclays downgraded GMS's rating from 'buy' to 'hold', the company currently maintains a 'hold' rating from five analysts and a 'buy' rating from four. The consensus target price for GMS is $90.38. The company's Q2 earnings reported a miss with EPS of $1.93 against the consensus estimate of $2.04. GMS's revenue increased by 8.4% to $1.41 billion in the latest quarter compared to the same period last year. The company's shares opened at $87.10 on Friday.
August 13, 2024
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