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TopBuild (BLD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2024, TopBuild (BLD - Free Report) reported revenue of $1.37 billion, up 3.7% over the same period last year. EPS came in at $5.42, compared to $5.25 in the year-ago quarter.

The reported revenue represents a surprise of -2.16% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $5.68, the EPS surprise was -4.58%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how TopBuild performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Specialty Distribution

    : $592.83 million versus the five-analyst average estimate of $584.37 million. The reported number represents a year-over-year change of +3.2%.
  • Net Sales- Installation

    : $850.98 million versus the five-analyst average estimate of $881.06 million. The reported number represents a year-over-year change of +5.2%.
  • Net Sales- Intercompany eliminations

    : -$78.20 million versus -$70.61 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
  • Operating profit, as reported- Installation

    : $170.72 million compared to the $181.07 million average estimate based on five analysts.
  • Operating profit, as reported- Specialty Distribution

    : $89.37 million versus $88.31 million estimated by five analysts on average.
  • Operating profit, as reported- General corporate expense, net

    : -$36.86 million compared to the -$11.99 million average estimate based on three analysts.
  • Operating profit, as reported- Intercompany eliminations

    : -$12.84 million compared to the -$7.94 million average estimate based on two analysts.
View all Key Company Metrics for TopBuild here>>>

Shares of TopBuild have returned +10.3% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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