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Builders FirstSource (BLDR) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $78.29, marking a +1.81% move from the previous day. This change outpaced the S&P 500's 1.17% gain on the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.31%.
Coming into today, shares of the construction supply company had gained 11.37% in the past month. In that same time, the Retail-Wholesale sector gained 1.14%, while the S&P 500 gained 0.88%.
Builders FirstSource will be looking to display strength as it nears its next earnings release. In that report, analysts expect Builders FirstSource to post earnings of $2.08 per share. This would mark year-over-year growth of 89.09%. Meanwhile, our latest consensus estimate is calling for revenue of $4.73 billion, up 13.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.91 per share and revenue of $20.38 billion. These totals would mark changes of -13.66% and +2.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Builders FirstSource. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 29.95% higher. Builders FirstSource is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Builders FirstSource has a Forward P/E ratio of 8.63 right now. For comparison, its industry has an average Forward P/E of 11.99, which means Builders FirstSource is trading at a discount to the group.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Builders FirstSource (BLDR) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $78.29, marking a +1.81% move from the previous day. This change outpaced the S&P 500's 1.17% gain on the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 0.31%.
Coming into today, shares of the construction supply company had gained 11.37% in the past month. In that same time, the Retail-Wholesale sector gained 1.14%, while the S&P 500 gained 0.88%.
Builders FirstSource will be looking to display strength as it nears its next earnings release. In that report, analysts expect Builders FirstSource to post earnings of $2.08 per share. This would mark year-over-year growth of 89.09%. Meanwhile, our latest consensus estimate is calling for revenue of $4.73 billion, up 13.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.91 per share and revenue of $20.38 billion. These totals would mark changes of -13.66% and +2.43%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Builders FirstSource. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 29.95% higher. Builders FirstSource is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Builders FirstSource has a Forward P/E ratio of 8.63 right now. For comparison, its industry has an average Forward P/E of 11.99, which means Builders FirstSource is trading at a discount to the group.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.