Building products manufacturer JELD-WEN (NYSE:JELD) will be reporting earnings this Tuesday after market hours. Here’s what to look for.
JELD-WEN beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $776 million, down 19.1% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting JELD-WEN’s revenue to decline 17.8% year on year to $810.3 million, a further deceleration from the 12.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.10 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 2% year on year, beating analysts’ expectations by 2.4%, and Simpson reported revenues up 5.7%, topping estimates by 5.3%. Masco traded up 4.7% following the results while Simpson was also up 10.7%.
Read our full analysis of Masco’s results here and Simpson’s results here.
Investors in the home construction materials segment have had steady hands going into earnings, with share prices flat over the last month. JELD-WEN is up 6.8% during the same time and is heading into earnings with an average analyst price target of $3.98 (compared to the current share price of $4.53).
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