Building products manufacturer JELD-WEN (NYSE: JELD) will be reporting earnings this Monday after market close. Here’s what investors should know.
JELD-WEN met analysts’ revenue expectations last quarter, reporting revenues of $722.1 million, down 6.9% year on year. It was a mixed quarter for the company, with full-year EBITDA guidance exceeding analysts’ expectations but a significant miss of analysts’ EBITDA 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, the market is expecting JELD-WEN’s revenue to decline 3.8% year on year, improving from the 16.5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q2 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 1.9%, and Hayward reported revenues up 6.3%, topping estimates by 2.8%. Simpson traded up 2.6% following the results while Hayward was also up 1.7%.
Read our full analysis of Simpson’s results here and Hayward’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the home construction materials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. JELD-WEN is up 12.2% during the same time and is heading into earnings with an average analyst price target of $1.65 (compared to the current share price of $1.42).
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