Earnings Preview: Cornerstone Building
Cornerstone Building (NYSE: CNR) unveils its next round of earnings this Tuesday, August 11. Get prepared with Benzinga's ultimate preview for Cornerstone Building's Q2 earnings.
Earnings and Revenue
Analysts are predicting Cornerstone Building will report EPS of $-0.08 per share on revenue of $996.10 million. Cornerstone Building earnings in the same period a year ago was $0.26 per share. Quarterly sales came in at $1.29 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 130.77%. Cornerstone Building's reported EPS has stacked up against analyst estimates in the past like this:
EPS Estimate | -0.25 | 0.10 | 0.23 | 0.45 |
EPS Actual | -1.20 | 0.11 | 0.30 | 0.26 |
Revenue Estimate | 1.10 B | 1.20 B | 1.32 B | 1.39 B |
Revenue Actual | 1.11 B | 1.24 B | 1.28 B | 1.29 B |
Stock Performance
Over the last 52-week period, shares are up 54.5%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Don't be surprised to see the stock move on comments made during its conference call. Cornerstone Building is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2403452&sessionid=1&key=DFF10E9EA779D4793B94879DCAA90D0E®Tag=&sourcepage=register
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