Estimates for 2019 earnings rose 0.4% over the past two months, reflecting optimism. This positive trend reinforces the expectation of near term performance.
Company Growth Strategies: Operational excellence, product innovation, portfolio management and acquisitions which are major growth engines.
According to reports, the main part of those strategies are complete and the company has begun to benefit. In the future, it expects the initiative to improve its performance. During the first half of 2019, earnings grew 4.1% year over year. In addition, revenue from innovative products (patented products) rose 9% in the second quarter of the prior year period. These strategies, helped Gibraltar generate strong financial results, make more efficient use of capital, and generate higher shareholder returns. This may also be helpful for the coming quarters. In the light of the above, Gibraltar expects third-quarter revenue in the $ 288-298 million range, suggesting growth from $ 280.1 million reported in the prior year period. By 2019, the company expects to generate more than $ 1 billion in revenue. More points to consider: o Increasing volume o Indicators support this direction o earnings report - on October 25
All of the above, of course, at your own discretion, your trading rules and your preferred trading strategies. This is not a recommendation to buy / sell. Good luck..