GCP Applied Technologies Q4 Earnings Top Estimates

GCP Applied Technologies (GCP - Free Report) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this specialty construction chemicals maker would post earnings of $0.26 per share when it actually produced earnings of $0.28, delivering a surprise of 7.69%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

GCP Applied Tech, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $258.30 million for the quarter ended December 2019, missing the Zacks Consensus Estimate by 1.34%. This compares to year-ago revenues of $276.10 million. The company has not been able to beat consensus revenue estimates over the last four quarters.


The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

GCP Applied Tech shares have lost about 12.8% since the beginning of the year versus the S&P 500's decline of -3.2%.

What's Next for GCP Applied Tech?

While GCP Applied Tech has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

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