Building products manufacturer JELD-WEN (NYSE: JELD) will be announcing earnings results this Monday afternoon. Here’s what investors should know.
JELD-WEN beat analysts’ revenue expectations last quarter, reporting revenues of $802 million, down 10.5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations significantly.
Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting JELD-WEN’s revenue to decline 7.1% year on year, improving from the 19.1% decrease it recorded in the same quarter last year.
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 multiple times over the last two years.
Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 9.1%, beating analysts’ expectations by 6.4%, and Masco reported revenues up 6.5%, topping estimates by 4.6%. Simpson traded up 2.5% following the results while Masco was also up 12.9%.
Read our full analysis of Simpson’s results here and Masco’s results here.
There has been positive sentiment among investors in the home construction materials segment, with share prices up 9.4% on average over the last month. JELD-WEN is up 28.9% during the same time and is heading into earnings with an average analyst price target of $2.19 (compared to the current share price of $1.41).
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