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JELD-WEN earnings: what to look for from JELD

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Building products manufacturer JELD-WEN (NYSE: JELD) will be announcing earnings results this Tuesday after the bell. Here’s what to expect.

JELD-WEN beat analysts’ revenue expectations last quarter, reporting revenues of $817.8 million, flat year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.

Is JELD-WEN a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting JELD-WEN’s revenue to be flat year on year, improving from the 13.4% decrease it recorded in the same quarter last year.

JELD-WEN total revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. JELD-WEN has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at JELD-WEN’s peers in the home construction materials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Masco delivered year-on-year revenue growth of 2.6%, beating analysts’ expectations by 2%, and Hayward reported revenues up 6.5%, topping estimates by 3.2%. Masco traded up 6.7% following the results while Hayward was also up 19.5%.

Read our full analysis of Masco’s results here and Hayward’s results here.

Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the home construction materials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. JELD-WEN is down 26.4% during the same time and is heading into earnings with an average analyst price target of $1.93 (compared to the current share price of $1.30).

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