It's been a pretty great week for Installed Building Products, Inc. (NYSE:IBP) shareholders, with its shares surging 13% to US$234 in the week since its latest yearly results. The result was positive overall - although revenues of US$2.8b were in line with what the analysts predicted, Installed Building Products surprised by delivering a statutory profit of US$8.61 per share, modestly greater than expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Installed Building Products after the latest results.
NYSE:IBP Earnings and Revenue Growth February 26th 2024
Taking into account the latest results, the most recent consensus for Installed Building Products from twelve analysts is for revenues of US$3.00b in 2024. If met, it would imply a modest 7.9% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 17% to US$10.11. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.89b and earnings per share (EPS) of US$9.06 in 2024. So it seems there's been a definite increase in optimism about Installed Building Products' future following the latest results, with a decent improvement in the earnings per share forecasts in particular.
It will come as no surprise to learn that the analysts have increased their price target for Installed Building Products 24% to US$232on the back of these upgrades. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Installed Building Products at US$260 per share, while the most bearish prices it at US$199. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Installed Building Products' past performance and to peers in the same industry. We would highlight that Installed Building Products' revenue growth is expected to slow, with the forecast 7.9% annualised growth rate until the end of 2024 being well below the historical 17% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.0% per year. So it's pretty clear that, while Installed Building Products' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Installed Building Products' earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Installed Building Products analysts - going out to 2026, and you can see them free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Installed Building Products that you should be aware of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Installed Building Products, Inc. (NYSE:IBP)の株主にとって、先週は pretty great week となりました。その株価は最新の年間業績発表から1週間で13％上昇し、234米ドルに達しました。 その結果、売上高はアナリスト予想に沿った28億米ドルでしたが、Installed Building Productsは1株あたり8.61米ドルの法定利益を報告し、少し期待を上回る成果を達成しました。アナリストは通常、各収益報告ごとに予測を更新し、その見解が変わったか、新たな懸念事項があるかどうかを判断できます。最新の結果が発表された後、Installed Building Productsに関する最新の法定予測をまとめて、アナリストが最新の結果に基づいてInstalled Building Productsに対する見解を変更したかどうかを判断することができます。
NYSE：IBPの収益と売上高の成長は、2024年2月26日
最新の結果を踏まえ、12人のアナリストによるInstalled Building Productsの最新のコンセンサスは、2024年の売上高が30億米ドルであることです。この場合、直近12カ月の売上高に比べて7.9％のわずかな増加を意味します。法定1株あたりの利益は17％増の10.11米ドルになると予想されています。しかし、最新の収益発表の前に、アナリストは2024年の売上高が28.9億米ドル、1株当たりの利益が9.06米ドルであると予想していました。それゆえ、最新の結果を受けて、Installed Building Productsの将来に対する楽観感が明確に高まり、特に1株当たりの利益の予測においてかなり改善が見られたことが、判断できます。
アナリストはこれらのアップグレードに基づいて、Installed Building Productsの株価ターゲットを24％増の232米ドルに上げることになります。アウトライアの意見が平均からどのように異なるかを評価するために、アナリストの予想範囲を見ることも有益かもしれません。現在、最も強気なアナリストは、Installed Building Productsの株式評価額を1株当たり260米ドルで評価していますが、最も弱気なアナリストは199米ドルで評価しています。それでも、予測範囲が狭いため、アナリストはその会社価値についてかなり正確な見積もりを持っていると考えられます。
これらの予測は興味深いものですが、Installed Building Productsの過去のパフォーマンスと同業他社の比較を行うと、いくつかのより大まかな点を描くのに役立つことがあります。Installed Building Productsの売上高成長率は減速すると予想されています。2024年末までの予想年平均成長率は7.9％で、過去5年間の年間成長率である17％以下の成長率です。対照的に、同じ業界にアナリストがカバーしている他の企業は、年間売上高成長率が5.0％と予測されています。そのため、Installed Building Productsの売上高成長率は減速するという予想ですが、依然として業界自体よりも速い成長が見込まれています。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Installed Building Products' past performance and to peers in the same industry. We would highlight that Installed Building Products' revenue growth is expected to slow, with the forecast 7.9% annualised growth rate until the end of 2024 being well below the historical 17% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.0% per year. So it's pretty clear that, while Installed Building Products' revenue growth is expected to slow, it's still expected to grow faster than the industry itself. 
これらの予測は興味深いものですが、Installed Building Productsの過去のパフォーマンスと同業他社の比較を行うと、いくつかのより大まかな点を描くのに役立つことがあります。Installed Building Productsの売上高成長率は減速すると予想されています。2024年末までの予想年平均成長率は7.9％で、過去5年間の年間成長率である17％以下の成長率です。対照的に、同じ業界にアナリストがカバーしている他の企業は、年間売上高成長率が5.0％と予測されています。そのため、Installed Building Productsの売上高成長率は減速するという予想ですが、依然として業界自体よりも速い成長が見込まれています。