Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Solid housing market momentum and strong cost-control measures help Beacon Roofing Supply (BECN) to post higher earnings for fourth-quarter fiscal 2020. Yet, soft demand hurts the same to some extent.
Beacon Roofing (BECN) delivered earnings and revenue surprises of 27.45% and 0.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?