Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Hayward (NYSE: HAYW) and its peers.

Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies.

The 12 home construction materials stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 14% since the latest earnings results.

Hayward (NYSE: HAYW)

Credited with introducing the first variable-speed pool pump, Hayward (NYSE: HAYW) makes residential and commercial pool equipment and accessories.

Hayward reported revenues of $349.4 million, up 6.8% year on year. This print exceeded analysts’ expectations by 5%. Overall, it was a strong quarter for the company with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ EBITDA estimates.

Unsurprisingly, the stock is down 6.2% since reporting and currently trades at $14.70.

Is now the time to buy Hayward? Access our full analysis of the earnings results here, it’s free.

Best Q4: Trex (NYSE: TREX)

Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE: TREX) makes wood-alternative decking, railing, and patio furniture.

Trex reported revenues of $161.1 million, down 3.9% year on year, outperforming analysts’ expectations by 11.3%. The business had a stunning quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Trex achieved the biggest analyst estimates beat among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 10.1% since reporting. It currently trades at $37.25.

Is now the time to buy Trex? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Fortune Brands (NYSE: FBIN)

Targeting a wide customer base of residential and commercial customers, Fortune Brands (NYSE: FBIN) makes plumbing, security, and outdoor living products.

Fortune Brands reported revenues of $1.08 billion, down 2.4% year on year, falling short of analysts’ expectations by 5.5%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 25.5% since the results and currently trades at $46.43.

Read our full analysis of Fortune Brands’s results here.

JELD-WEN (NYSE: JELD)

Founded in the 1960s as a general wood-making company, JELD-WEN (NYSE: JELD) manufactures doors, windows, and other related building products.

JELD-WEN reported revenues of $802 million, down 10.5% year on year. This result beat analysts’ expectations by 7.6%. Zooming out, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations significantly.

The stock is down 23.6% since reporting and currently trades at $1.61.

Read our full, actionable report on JELD-WEN here, it’s free.

Owens Corning (NYSE: OC)

Credited with the discovery of fiberglass, Owens Corning (NYSE: OC) supplies building and construction materials to the United States and international markets.

Owens Corning reported revenues of $2.14 billion, down 16.8% year on year. This number lagged analysts' expectations by 1.5%. It was a disappointing quarter as it also recorded a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

The stock is down 16.1% since reporting and currently trades at $106.26.

Read our full, actionable report on Owens Corning here, it’s free.

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