Gibraltar Raises FY18 Adj Earnings Outlook, Guides Q2 Below View - Quick Facts

(RTTNews) - Gibraltar Industries, Inc. (ROCK) on Thursday raised its adjusted earnings guidance for fiscal 2018 to a range of $2.03 to $2.08 per share from the prior forecast range of $1.96 to $2.08 per share.

However, the company continues to project consolidated revenues exceeding $1 billion, but is lowering its revenue growth expectations to 1 to 2 percent from the previous 2 to 4 percent growth.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.09 per share on revenue growth of 4.1 percent to $1.03 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter of 2018, the company is expecting earnings in a range of $0.26 to $0.31 per share, adjusted earnings in the range of $0.35 to $0.40 per share on projected revenues between $239 million and $249 million.

Street is currently looking for earnings of $0.42 per share on revenues of $259.93 million for the quarter.
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