Stock Story -
Building products manufacturer JELD-WEN (NYSE:JELD) will be reporting results tomorrow after market hours. Here's what investors should know.
JELD-WEN met analysts' revenue expectations last quarter, reporting revenues of $959.1 million, down 11.2% year on year. It was an ok quarter for the company, with a solid beat of analysts' earnings estimates but a miss of analysts' organic revenue estimates.
Is JELD-WEN a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting JELD-WEN's revenue to decline 11.2% year on year to $1 billion, improving from the 15.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
The majority of analysts covering the company have 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 four times over the last two years.
Looking at JELD-WEN's peers in the home construction materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Masco's revenues decreased 1.7% year on year, meeting analysts' expectations, and Hayward reported flat revenue, in line with consensus estimates. Masco traded up 9.7% following the results while Hayward was also up 9.7%.
Read the full analysis of Masco's and Hayward's results on StockStory.
There has been positive sentiment among investors in the home construction materials segment, with share prices up 2.4% on average over the last month. JELD-WEN is up 17.3% during the same time and is heading into earnings with an average analyst price target of $16.2 (compared to the current share price of $15.34).
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