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Boise Cascade (BCC) Gains As Market Dips: What You Should Know
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Boise Cascade (BCC - Free Report) closed the most recent trading day at $68.15, moving +1.61% from the previous trading session. This change outpaced the S&P 500's 0.27% loss on the day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the engineered wood products and plywood company had lost 11.33% over the past month, lagging the Construction sector's loss of 0.48% and the S&P 500's gain of 7.36% in that time.
Boise Cascade will be looking to display strength as it nears its next earnings release. In that report, analysts expect Boise Cascade to post earnings of $6.95 per share. This would mark year-over-year growth of 84.84%.
Investors should also note any recent changes to analyst estimates for Boise Cascade. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.49% higher. Boise Cascade is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Boise Cascade has a Forward P/E ratio of 4.45 right now. This represents a discount compared to its industry's average Forward P/E of 11.9.
Also, we should mention that BCC has a PEG ratio of 1.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Wood was holding an average PEG ratio of 1.52 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Boise Cascade (BCC) Gains As Market Dips: What You Should Know
Boise Cascade (BCC - Free Report) closed the most recent trading day at $68.15, moving +1.61% from the previous trading session. This change outpaced the S&P 500's 0.27% loss on the day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the engineered wood products and plywood company had lost 11.33% over the past month, lagging the Construction sector's loss of 0.48% and the S&P 500's gain of 7.36% in that time.
Boise Cascade will be looking to display strength as it nears its next earnings release. In that report, analysts expect Boise Cascade to post earnings of $6.95 per share. This would mark year-over-year growth of 84.84%.
Investors should also note any recent changes to analyst estimates for Boise Cascade. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.49% higher. Boise Cascade is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Boise Cascade has a Forward P/E ratio of 4.45 right now. This represents a discount compared to its industry's average Forward P/E of 11.9.
Also, we should mention that BCC has a PEG ratio of 1.94. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Wood was holding an average PEG ratio of 1.52 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.