Financial News

JELD-WEN (JELD) Reports Q3: Everything You Need To Know Ahead Of Earnings

JELD Cover Image

Building products manufacturer JELD-WEN (NYSE:JELD) will be reporting results tomorrow after market hours. Here’s what investors should know.

JELD-WEN missed analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $986 million, down 12.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue and earnings estimates.

Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting JELD-WEN’s revenue to decline 8% year on year to $990.6 million, a further deceleration from the 5.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.

JELD-WEN Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JELD-WEN has missed Wall Street’s revenue estimates six times over the last two years.

Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Trex’s revenues decreased 23.1% year on year, beating analysts’ expectations by 3.7%, and Hayward reported revenues up 3.3%, topping estimates by 2.1%. Trex traded up 6.3% following the results while Hayward was also up 12.3%.

Read our full analysis of Trex’s results here and Hayward’s results here.

Investors in the home construction materials segment have had steady hands going into earnings, with share prices flat over the last month. JELD-WEN is down 10.7% during the same time and is heading into earnings with an average analyst price target of $16 (compared to the current share price of $14.24).

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