GMS (GMS) Releases Earnings Results, Beats Expectations By $0.08 EPS

GMS (GMS) reported quarterly earnings results on Tuesday, Jul-12-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.45. The company posted revenue of $527.20 million in the period, compared to analysts expectations of $525.69 million. The company’s revenue was up 30.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on GMS. Robert W. Baird Initiated GMS on Jun 20, 2016 to “Neutral”, Price Target of the shares are set at $25.GMS was Initiated by Credit Suisse to “Outperform” on Jun 20, 2016. GMS was Initiated by Raymond James to “Outperform” on Jun 20, 2016.


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