What Awaits Builders FirstSource (BLDR) in Q2 Earnings?

Zacks Equity Research Published on July 31, 2023

Builders FirstSource, Inc. (BLDR - Free Report) is scheduled to report second-quarter 2023 results on Aug 2, 2023, before the opening bell.

In the last reported quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 81.6% and 8.3%, respectively. On a year-over-year basis, earnings and revenues decreased 24.1% and 31.6%, respectively.

The company’s earnings have topped the consensus mark in each of the trailing 18 quarters.

The Trend in Estimate Revision

The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has increased 3.5% to $2.69 per share over the past 30 days. The estimated figure indicates a 57% decline from the year-ago quarter’s earnings of $6.26 per share. The consensus mark for revenues is pegged at $4.25 billion, suggesting a decline of 38.7% from the prior-year quarter’s reported figure.

Top 5 ChatGPT Stocks Revealed

Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”