Griffon closed the most recent trading day at $98.39, up 1.92% and outpacing the S&P 500's 0.51% gain, while the Dow rose 0.93% and the Nasdaq added 0.48%. The garage door and building products maker is expected to report earnings per share of $1.6 for its upcoming quarter, a 3.9% increase from the same quarter last year, alongside revenue of $480.94 million, which would mark a 27.37% decline from a year earlier. For the full year, the Zacks Consensus Estimates project earnings of $5.41 per share and revenue of $1.84 billion, changes of -4.25% and -27.05% respectively from the preceding year. Over the last 30 days the consensus EPS estimate has remained unchanged, and Griffon currently holds a Zacks Rank of #2 (Buy). The stock trades at a forward P/E of 17.83, a premium to its industry's average of 13.25, while the Diversified Operations industry carries a Zacks Industry Rank of 45, placing it within the top 19% of more than 250 industries.
Griffon CorporationEarnings preview points to 3.9% EPS growth and a Zacks Rank #2 (Buy) with unchanged consensus estimates.
