Jeld-Wen Holding Inc Up 15.02% To $14.17 After Earnings Beat

Tuesday, November 7, 2023 - Jeld-Wen Holding Inc (JELD) reported upside earnings and revenues today.

Analyst expectations for Jeld-Wen Holding Inc earnings per share (EPS) were at $0.34, with the company surpassing those estimates with a reported EPS of $0.53, leading to a positive surprise of $0.19 per share (56%). Jeld-Wen Holding Inc's earnings were down 25% year-over-year as the firm reported an EPS of $0.71 in its year-ago quarter. The negative annual growth shows the Industrials company isn't performing well amid current economic conditions.

Revenues were upbeat at $1.1 billion. That represents a 16.89% decrease in revenues from the year-ago report and is 5.59% higher than consensus estimates set at $1 billion.

The stock is up 15.02% to $14.17 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Jeld-Wen Holding Inc has performed a little above average during the past few months. Before the report, Jeld-Wen Holding Inc received a Long-Term Technical Rank by InvestorsObserver of 56, putting it in the top half of stocks. The firm set a 52-week high on August 1, 2023 at $18.52 and set a 52-week low on November 8, 2022 at $8.98.

JELD-WEN Holding Inc is engaged in door and window manufacturing. The company design, produce and distribute interior and exterior building product, offering a selection of doors, windows, walls, and related products. The products are used in the new construction of residential single and multi-family homes and non-residential buildings. The firm's operating segments are North America, Europe, and Australasia. It generates a majority of its revenue from North America.