Building products manufacturer JELD-WEN (NYSE: JELD) will be announcing earnings results this Tuesday afternoon. Here’s what to look for.
JELD-WEN missed analysts’ revenue expectations by 2% last quarter, reporting revenues of $809.5 million, down 13.4% year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.
Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting JELD-WEN’s revenue to decline 16.8% year on year to $745.2 million, a further deceleration from the 12.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.29 per share.
Analysts covering the company have generally 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 five times over the last two years.
Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 4.2%, beating analysts’ expectations by 1.6%, and Griffon reported revenues up 2.6%, topping estimates by 4.8%. Simpson traded up 5% following the results while Griffon was also up 11.9%.
Read our full analysis of Simpson’s results here and Griffon’s results here.
There has been positive sentiment among investors in the home construction materials segment, with share prices up 8.1% on average over the last month. JELD-WEN is down 23.8% during the same time and is heading into earnings with an average analyst price target of $2.81 (compared to the current share price of $2.23).
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