Gibraltar Industries revised FY2024 EPS guidance below consensus estimates and lowered revenue forecast.

Gibraltar Industries (NASDAQ: ROCK) has revised its FY 2024 earnings guidance, projecting earnings per share (EPS) between $4.110 and $4.250, below the consensus estimate of $4.580. The company expects revenue of $1.3 billion, short of the $1.4 billion forecast. This update follows a Q3 report showing an EPS of $1.18, missing expectations of $1.26. Additionally, StockNews.com downgraded the stock from strong-buy to buy.