JELD-WEN HoldingNYSE: JELD

CHARLOTTE, N.C. , July 2, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, announced today that it will release second quarter 2024 results on Monday, August 5, 2024.

Stoddard will succeed Julie C. Albrecht CHARLOTTE, N.C.

Management lowered its end market expectations in North America and Europe. The company needs to improve its operational performance to better compete in its end markets.

JELD is a manufacturer and distributor of doors, windows, and other building items in the Construction and Repair & Remodel industry. The company has experienced lackluster revenue growth in the US and Europe due to slow housing markets and high interest rates. There is rising demand for single-housing units in the U.S., while the ECB has planned to ease monetary policy in June, bringing relief to the housing market in Europe.

JELD-WEN reported earnings of $0.21 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.20 per share. This is lower than the $0.35 per share earnings reported in the same quarter last year.

JELD-WEN (JELD) experienced a significant increase in its stock price in the last session, with trading volume above average. However, the recent changes in earnings estimates may not necessarily lead to continued price growth in the short term.

CHARLOTTE, N.C. , April 2, 2024 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, announced today that it will release first quarter 2024 results on Monday, May 6, 2024.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, JELD-WEN (JELD) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.