NYSE:IBP - New York Stock Exchange, Inc. - US45780R1014 - Common Stock - Currency: USD
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Shareholders of Installed Building Products would probably like to forget the past six months even happened. The stock dropped 32.5% and now trades at $169.79. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Building products installation services company Installed Building Products (NYSE:IBP) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 4.1% year on year to $750.2 million. Its non-GAAP profit of $2.88 per share was 0.9% above analysts’ consensus estimates.
Building products installation services company Installed Building Products (NYSE:IBP) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
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.