Installed Building Products (IBP) Reports Q4: Everything You Need To Know Ahead Of Earnings

Building products installation services company Installed Building Products (NYSE:IBP) will be announcing earnings results this Thursday before the bell. Here’s what investors should know.

Installed Building Products beat analysts’ revenue expectations last quarter, reporting revenues of $778.2 million, up 2.3% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

This quarter, the market is expecting Installed Building Products’s revenue to decline 1.8% year on year, a reversal from the 4.1% increase 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 to stay the course heading into earnings. Installed Building Products has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Installed Building Products’s peers in the home builders segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Taylor Morrison Home’s revenues decreased 10.9% year on year, beating analysts’ expectations by 7.2%, and Champion Homes reported revenues up 1.8%, in line with consensus estimates. Taylor Morrison Home traded down 1.4% following the results while Champion Homes was up 11.1%.

There has been positive sentiment among investors in the home builders segment, with share prices up 5.7% on average over the last month. Installed Building Products is up 8.2% during the same time and is heading into earnings with an average analyst price target of $263.50 (compared to the current share price of $320.04).

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