GMS Stock Down on Q2 Earnings Miss, Sales Top Estimates [Yahoo! Finance]
GMS Inc. (GMS)
Last gms inc. earnings: 3/5 06:00 am
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Source: Yahoo! Finance
Adjusted earnings per share (EPS) of $2.02 missed the Zacks Consensus Estimate of $2.26 by 10.6%, while net sales of $1.47 billion beat the consensus mark of $1.45 billion by 1.1% and increased 3.5% year over year. (Source: GMS Inc. reported mixed results for second-quarter fiscal 2025) The decline in earnings and net sales was due to ongoing economic uncertainties, steel price deflation, and Hurricane-related impacts, which reduced activity levels across all of GMS' end markets. Additionally, the company faced operational inefficiencies and lower demand, especially for Wallboard products. (Source: The quarterly results indicate volume growth and resilient pricing in most of the company's main product lines, partially offset by reduced activity levels across all its end markets) Wallboard sales inched down 0.5% from a year ago to $582.1 million, while Ceilings sales increased 16.6% year over year to $204.4 million. Steel Framing sales declined 6.3% from the prior-year quarter, and
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GMS
News
- GMS Looks To Assemble Growth Momentum [Seeking Alpha]Seeking Alpha
- GMS Inc. (NYSE: GMS) had its price target raised by analysts at Truist Financial Co. from $90.00 to $97.00. They now have a "hold" rating on the stock.MarketBeat
- GMS Inc. (NYSE: GMS) had its price target raised by analysts at Barclays PLC from $80.00 to $93.00. They now have an "equal weight" rating on the stock.MarketBeat
- GMS Inc. (NYSE: GMS) had its price target lowered by analysts at DA Davidson from $97.00 to $94.00. They now have a "neutral" rating on the stock.MarketBeat
- Company News for Dec 6, 2024 [Yahoo! Finance]Yahoo! Finance
GMS
Earnings
- 12/5/24 - Miss
GMS
Sec Filings
- 12/5/24 - Form 10-Q
- 12/5/24 - Form 8-K
- 12/5/24 - Form 8-K
- GMS's page on the SEC website