## Janus International Group (JBI) Earnings Preview: What to Watch for on October 29th
Investors are gearing up for Janus International Group’s (JBI) upcoming quarterly earnings report, scheduled for Tuesday, October 29th. While analysts are expecting an EPS of $0.20, the real focus will be on the company’s guidance for future growth.
Looking Back: A Mixed Bag
Janus International Group’s recent earnings history has been a mixed bag. In the previous quarter, the company missed EPS estimates by $0.06, leading to a 6.58% drop in share price the following day. This highlights the importance of not only meeting earnings expectations but also providing positive guidance, as it often has a significant impact on stock performance. Here’s a quick look at JBI’s past earnings performance:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | $0.27 | $0.21 | -7.00% |
| Q1 2024 | $0.19 | $0.21 | -2.0% |
| Q4 2023 | $0.26 | $0.24 | 1.0% |
| Q3 2023 | $0.24 | $0.27 | 1.0% |
Strong Long-Term Performance, Bullish Sentiment
Despite recent volatility, JBI shares have performed well over the long term. As of October 25th, shares were trading at $10.01, up 9.94% over the past 52 weeks. This positive performance suggests long-term shareholders are likely optimistic going into the upcoming earnings release.
Analyst Sentiment: A Positive Outlook
To gain a deeper understanding of market expectations, it’s crucial to consider the insights of industry analysts. JBI currently has a consensus rating of ‘Buy’ from five analysts. The average one-year price target is $13.2, indicating a potential upside of 31.87%.
Peer Comparisons: A Competitive Landscape
Comparing JBI to its industry peers can provide valuable insights into its relative performance and market positioning. Here’s a look at the consensus analyst ratings and average one-year price targets for three key competitors:
*
American Woodmark:
Outperform, $110.8 (1006.89% upside)*
Quanex Building Prods:
Buy, $38.0 (279.62% upside)*
Apogee Enterprises:
Neutral, $75.0 (649.25% upside)Key Findings: A Snapshot of JBI’s Performance
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Janus Intl Gr | Buy | -8.20% | $109M | 5.06% |
| American Woodmark | Outperform | -7.85% | $92.87M | 3.25% |
| Quanex Building Prods | Buy | -6.44% | $70.90M | 4.37% |
| Apogee Enterprises | Neutral | -3.18% | $97.32M | 6.20% |
Key Takeaway:
JBI ranks at the bottom in terms of revenue growth and gross profit among its peers. However, it is in the middle regarding return on equity.About Janus International Group
Janus International Group is a leading manufacturer and supplier of turnkey solutions for the self-storage, commercial, and industrial building industries. The company offers a wide range of products, including roll-up and swing doors, hallway systems, relocatable storage units, and automation technologies. Its operations are spread across two geographic regions: Janus North America and Janus International, which includes Janus International Europe Holdings Ltd.
