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NASDAQ: BECN
Beacon Roofing Supply Inc Stock Forecast, Predictions & Price Target

Analyst price target for BECN

Based on 5 analysts offering 12 month price targets for Beacon Roofing Supply Inc.
Min Forecast
$53.00+4.7%
Avg Forecast
$57.20+13%
Max Forecast
$61.00+20.51%

Should I buy or sell BECN stock?

Based on 10 analysts offering ratings for Beacon Roofing Supply Inc.
Buy
Strong Buy
2 analysts 20%
Buy
2 analysts 20%
Hold
6 analysts 60%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

BECN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Truist Securities
Top 2%
99
HoldDowngrades$58.00+14.58%2021-11-29
RBC Capital
Top 41%
60
BuyUpgradesN/AN/A2021-10-18
Berenberg
Top 48%
53
HoldDowngradesN/AN/A2021-08-12
Jefferies
Bottom 12%
12
HoldDowngrades$56.00+10.63%2021-08-10
Wells Fargo
Top 26%
75
HoldInitiates Coverage On$58.00+14.58%2021-07-16
Northcoast Research
Top 30%
71
HoldDowngradesN/AN/A2021-04-15
Wolfe Research
Top 25%
76
HoldInitiates Coverage OnN/AN/A2021-03-17
Stifel Nicolaus
Top 28%
73
Strong BuyInitiates Coverage On$61.00+20.51%2021-03-10
BMO Capital
Top 39%
62
BuyUpgrades$53.00+4.70%2021-02-09
Longbow Research
Top 48%
53
Strong BuyUpgradesN/AN/A2021-01-26

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Forecast return on equity

Is BECN forecast to generate an efficient return?
Company
21.76%
Industry
17.65%
Market
37.5%
BECN's Return on Equity is forecast to be high in 3 years (21.76%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is BECN forecast to generate an efficient return on assets?
Company
6.83%
Industry
10.25%
BECN is forecast to generate lower Return on Assets (6.83%) than the US Basic Materials industry average (10.25%)
Forecast

BECN earnings per share forecast

What is BECN's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$4.69-569%
Avg 2 year Forecast
$5.06-606%
Avg 3 year Forecast
$5.41-641%

BECN revenue forecast

What is BECN's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$7.1B+6.65%
Avg 2 year Forecast
$7.4B+11.21%
Avg 3 year Forecast
$7.7B+16.12%
BECN's revenue is forecast to grow at a rate of 5.07% per year, which is not exceptional
Forecast

BECN revenue growth forecast

How is BECN forecast to perform vs Basic Materials companies and vs the US market?
Company
5.07%
Industry
5.02%
Market
10.08%
BECN's revenues are forecast to grow faster (5.07% per year) than the US Basic Materials industry average (5.02%)
Forecast
BECN's revenues are forecast to grow slower (5.07% per year) than the US market average (10.08%)
Forecast

Beacon Roofing Supply Stock Forecast FAQ

Is Beacon Roofing Supply Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: BECN) stock is to Buy BECN stock.

Out of 10 analysts, 2 (20%) are recommending BECN as a Strong Buy, 2 (20%) are recommending BECN as a Buy, 6 (60%) are recommending BECN as a Hold, 0 (0%) are recommending BECN as a Sell, and 0 (0%) are recommending BECN as a Strong Sell.

What is BECN's earnings growth forecast for 2022-2024?

(NASDAQ: BECN) Beacon Roofing Supply's forecast annual earnings growth rate of N/A is not forecast to beat the US Basic Materials industry's average forecast earnings growth rate of 18.76%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Beacon Roofing Supply's earnings in 2021 is -$69,500,000.On average, 8 Wall Street analysts forecast BECN's earnings for 2022 to be $328,829,726, with the lowest BECN earnings forecast at $296,577,770, and the highest BECN earnings forecast at $377,908,790. On average, 1 Wall Street analysts forecast BECN's earnings for 2023 to be $354,771,517, with the lowest BECN earnings forecast at $354,771,517, and the highest BECN earnings forecast at $354,771,517.

In 2024, BECN is forecast to generate $379,311,049 in earnings, with the lowest earnings forecast at $379,311,049 and the highest earnings forecast at $379,311,049.

What is BECN's revenue growth forecast for 2022-2024?

(NASDAQ: BECN) Beacon Roofing Supply's forecast annual revenue growth rate of 5.07% is forecast to beat the US Basic Materials industry's average forecast revenue growth rate of 5.02%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.08%.

Beacon Roofing Supply's revenue in 2021 is $6,642,000,000.On average, 5 Wall Street analysts forecast BECN's revenue for 2022 to be $496,655,303,648, with the lowest BECN revenue forecast at $488,308,637,641, and the highest BECN revenue forecast at $504,799,904,140. On average, 3 Wall Street analysts forecast BECN's revenue for 2023 to be $517,883,190,576, with the lowest BECN revenue forecast at $510,772,826,180, and the highest BECN revenue forecast at $528,296,155,274.

In 2024, BECN is forecast to generate $540,781,167,924 in revenue, with the lowest revenue forecast at $540,781,167,924 and the highest revenue forecast at $540,781,167,924.

What is BECN's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: BECN) forecast ROA is 6.83%, which is lower than the forecast US Basic Materials industry average of 10.25%.

What is BECN's Price Target?

According to 5 Wall Street analysts that have issued a 1 year BECN price target, the average BECN price target is $57.20, with the highest BECN stock price forecast at $61.00 and the lowest BECN stock price forecast at $53.00.

On average, Wall Street analysts predict that Beacon Roofing Supply's share price could stay at $57.20 by Nov 29, 2022. The average Beacon Roofing Supply stock price prediction forecasts a potential downside of N/A from the current BECN share price of $50.62.

What is BECN's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: BECN) Beacon Roofing Supply's current Earnings Per Share (EPS) is -$1.00. On average, analysts forecast that BECN's EPS will be $4.69 for 2022, with the lowest EPS forecast at $4.23, and the highest EPS forecast at $5.39. On average, analysts forecast that BECN's EPS will be $5.06 for 2023, with the lowest EPS forecast at $5.06, and the highest EPS forecast at $5.06. In 2024, BECN's EPS is forecast to hit $5.41 (min: $5.41, max: $5.41).

What is BECN's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: BECN) forecast ROE is 21.76%, which is considered strong.
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