Wall street estimates Earnings report GMS Stock Forecast, Price & News (NYSE:GMS)

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Earnings results for GMS Stock Forecast, Price & News (NYSE:GMS)

GMS Inc. is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.83. The reported EPS for the same quarter last year was $0.89.

GMS last released its earnings data on June 25th, 2020. The reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm earned $770.90 million during the quarter, compared to analyst estimates of $734.20 million. Its quarterly revenue was down 1.2% compared to the same quarter last year. GMS has generated $2.97 earnings per share over the last year and currently has a price-to-earnings ratio of 51.4. GMS has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on GMS Stock Forecast, Price & News (NYSE:GMS)

9 Wall Street analysts have issued ratings and price targets for GMS in the last 12 months. Their average twelve-month price target is $24.89, predicting that the stock has a possible downside of 10.41%. The high price target for GMS is $33.00 and the low price target for GMS is $15.00. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

GMS has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $24.89, GMS has a forecasted downside of 10.4% from its current price of $27.78. GMS has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: GMS Stock Forecast, Price & News (NYSE:GMS)

GMS does not currently pay a dividend. GMS does not have a long track record of dividend growth.

Insiders buying/selling: GMS Stock Forecast, Price & News (NYSE:GMS)

In the past three months, GMS insiders have not sold or bought any company stock. Only 1.90% of the stock of GMS is held by insiders. 93.88% of the stock of GMS is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of GMS Stock Forecast, Price & News (NYSE:GMS

Earnings for GMS are expected to grow by 4.93% in the coming year, from $2.84 to $2.98 per share. The P/E ratio of GMS is 51.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.18. The P/E ratio of GMS is 51.45, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.57. GMS has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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