Earnings Preview: Beacon Roofing

Beacon Roofing Supply, Inc.(BECN) is slated to report its second-quarter 2012 earnings results before the market opens on May 10. The Zacks Consensus Estimate for the quarter is a loss of 8 cents per share, representing an estimated year-over-year increase of 41.26%.

First Quarter Synopsis

The company, in the first quarter, reported adjusted earnings of 39 cents a share, beating the Zacks Consensus Estimate of 29 cents and exceeding the year-ago quarter earnings of 22 cents. On a reported basis, earnings were 41 cents a share compared with 22 cents in the year-ago quarter.

Revenues in the first quarter were $489.39 million, outperforming the Zacks Consensus Estimate of $475 million.

Beacons top line improvement largely stemmed fro the double-digit sales in most geographic regions.

Estimate Revision Trend

Agreement

Out of the 11 analysts covering the stock, none have revised their estimates for the second quarter in either direction over the last 7 and 30 days. A similar trend applies for fiscal 2012.

Magnitude

The Zacks Consensus Estimate remained the same for both the second quarter and fiscal 2012 over the last 7 and 30 days.

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Earnings Preview: Beacon Roofing