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Builders FirstSource (BLDR) Dips More Than Broader Markets: What You Should Know
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Builders FirstSource (BLDR - Free Report) closed at $55.10 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the construction supply company had lost 16.86% over the past month. This has lagged the Retail-Wholesale sector's loss of 6.99% and the S&P 500's loss of 6.69% in that time.
Investors will be hoping for strength from Builders FirstSource as it approaches its next earnings release. On that day, Builders FirstSource is projected to report earnings of $3.07 per share, which would represent year-over-year growth of 11.23%. Meanwhile, our latest consensus estimate is calling for revenue of $5.47 billion, down 1.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.23 per share and revenue of $21.68 billion, which would represent changes of +18.51% and +8.96%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Builders FirstSource. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.46% higher. Builders FirstSource is currently a Zacks Rank #3 (Hold).
Investors should also note Builders FirstSource's current valuation metrics, including its Forward P/E ratio of 4.53. This valuation marks a discount compared to its industry's average Forward P/E of 8.74.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Builders FirstSource (BLDR) Dips More Than Broader Markets: What You Should Know
Builders FirstSource (BLDR - Free Report) closed at $55.10 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the construction supply company had lost 16.86% over the past month. This has lagged the Retail-Wholesale sector's loss of 6.99% and the S&P 500's loss of 6.69% in that time.
Investors will be hoping for strength from Builders FirstSource as it approaches its next earnings release. On that day, Builders FirstSource is projected to report earnings of $3.07 per share, which would represent year-over-year growth of 11.23%. Meanwhile, our latest consensus estimate is calling for revenue of $5.47 billion, down 1.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.23 per share and revenue of $21.68 billion, which would represent changes of +18.51% and +8.96%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Builders FirstSource. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.46% higher. Builders FirstSource is currently a Zacks Rank #3 (Hold).
Investors should also note Builders FirstSource's current valuation metrics, including its Forward P/E ratio of 4.53. This valuation marks a discount compared to its industry's average Forward P/E of 8.74.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.