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GMS Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
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GMS Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Jun 19, 2024 10:47 PM

GMS Inc ( GMS ). will release earnings results for its fourth quarter, before the opening bell on Thursday.

Analysts expect the Tucker, Georgia-based company to report a quarterly earnings at $2.04 per share, down from $2.11 per share in the year-ago period. GMS is projected to post quarterly revenue of $1.4 billion, compared to $1.3  billion a year earlier, according to data from Benzinga Pro.

On May 16, GMS agreed to acquire Yvon Building Supply and affiliates for aggregate purchase price of up to C$196.5 million.

GMS shares fell 1.3% to close at $89.89 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Barclays analyst Matthew Bouley maintained an Equal-Weight rating and raised the price target from $75 to $93 on March 5. This analyst has an accuracy rate of 77%.

Baird analyst David Manthey maintained an Outperform rating and boosted the price target from $92 to $105 on March 1. This analyst has an accuracy rate of 84%.

RBC Capital analyst Mike Dahl maintained a Sector Perform rating and increased the price target from $84 to $92 on March 1. This analyst has an accuracy rate of 74%.

Truist Securities analyst Keith Hughes maintained a Hold rating and raised the price target from $72 to $88 on March 1. This analyst has an accuracy rate of 81%.

Stephens & Co. analyst Trey Grooms maintained an Overweight rating and boosted the price target from $87 to $98 on Jan. 26. This analyst has an accuracy rate of 83%.

Read This Next: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields

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