NYSE:IBP - New York Stock Exchange, Inc. - US45780R1014 - Common Stock
Looking back on home builders stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including LGI Homes (NASDAQ:LGIH) and its peers.
Since June 2024, Installed Building Products has been in a holding pattern, floating around $213.44. The stock also fell short of the S&P 500’s 13.5% gain during that period.
Homebuilder stocks have rallied this year in anticipation of a rate cut; now that the Fed has initiated its first trim, a few firms stand out from the pack.
Let’s dig into the relative performance of Installed Building Products (NYSE:IBP) and its peers as we unravel the now-completed Q2 home builders earnings season.
Big earnings winners and losers continued.
IBP stock results show that Installed Building Prods beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.