What insights does BECN's 2024 earnings data reveal?

Beacon Roofing Supply Inc (BECN) exhibits robust growth in revenue and net income, but faces challenges in margin pressure and earnings per share (EPS) misses expectations, as evidenced by the following insights from its 2024 earnings data:

1. **Revenue and Net Income Growth**: BECN's total revenue for 2024 reaches $9.76 billion, with a net income of $361.7 million. This growth is a result of strategic expansions and acquisitions, as well as increased sales across all three business lines.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|BECN|BECN.O|Beacon Roofing|2024 Q1|1.9124E9|5600000|185|
|BECN|BECN.O|Beacon Roofing|2024 Q2|2.6746E9|1.272E8|185|
|BECN|BECN.O|Beacon Roofing|2024 Q3|2.7726E9|1.453E8|185|
|BECN|BECN.O|Beacon Roofing|2024 Q4|2.4036E9|8.36E7|185|

2. **Margin Pressure and EPS Challenges**: The company's profit margin decreases to 4.8% in Q2 2024, down from 4.9% in the same quarter of the previous year, due to higher expenses. This trend is reflected in the EPS, which misses analyst estimates by 22% in Q2 2024, according to some reports. In Q3 2024, BECN's EPS misses expectations by 11%, with an EPS of $2.34, compared to an estimated $2.47.
3. **Analyst Forecasts and Stock Performance**: Analysts have mixed forecasts for BECN's future earnings, with some adjusting estimates upward, such as Zacks Research increasing its Q2 2024 EPS estimate to $2.83. However, other analysts like William Blair have lowered their Q2 2024 EPS estimates to $2.91. BECN's stock has faced some volatility, with a 16% decrease from a week ago, and a current price below the price target set by BMO Capital Markets.
4. **Strategic Initiatives and Market Challenges**: Despite the challenges, BECN continues to expand its store locations and invest in digital sales platforms, which are enhancing customer loyalty and improving margins. However, the company's non-residential sales face a mid-single digit decline in prices year-over-year, which poses a challenge for maintaining revenue growth.

In conclusion, BECN's 2024 earnings data highlights strong revenue and net income growth, but also reveals challenges in margin pressure and EPS misses expectations. The company's strategic initiatives and market challenges provide a complex picture of its performance and future prospects.