What Happened?

Shares of building products manufacturer JELD-WEN (NYSE:JELD) fell 31.1% in the morning session after the company reported weak third-quarter earnings. Revenue and EPS in the quarter missed by a meaningful amount. Sales fell 13% year on year due to weaker market demand and a shift to entry-level products. 

Looking ahead, full-year revenue and EBITDA guidance were lowered and also missed. 

Overall, this was a very bad quarter, and we've noticed that a number of names with exposure to the US housing market have reported mediocre results, showing that consumer confidence is still shaky and that recent changes in the interest rate environment are not yet moving people from the sidelines.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy JELD-WEN? Access our full analysis report here, it’s free.

What The Market Is Telling Us

JELD-WEN’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. But moves this big are rare even for JELD-WEN and indicate this news significantly impacted the market’s perception of the business.

JELD-WEN is down 45% since the beginning of the year, and at $10.20 per share, it is trading 52.4% below its 52-week high of $21.42 from April 2024. Investors who bought $1,000 worth of JELD-WEN’s shares 5 years ago would now be looking at an investment worth $549.87.

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