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Building Product Earnings to Watch on Jul 28: BCC, FIX & More
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Despite a weak start this year amid equity market volatility and global concerns, the construction sector seems to have recovered on the back of strong housing fundamentals. Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation raise optimism about the sector’s performance in the second half.
In addition to home construction, the home remodeling market has also picked up pace. Improved construction and remodeling activity have increased demand for building products.
Yesterday, one of the leading building product companies, Masco Corporation (MAS - Free Report) reported second-quarter 2016 results. While its earnings beat estimates, revenues came in line with the same. Second quarter performance was backed by significant year-over-year growth in earnings, revenues and margin, as the company capitalized on improving momentum in the repair and remodeling and new home construction industry.
On Jul 28, four other building products companies are scheduled to report their quarterly results. Let us look at how these companies are placed ahead of their releases.
Gibraltar Industries is set to report second-quarter 2016 results before market opens.
Last quarter, Gibraltar Industries posted a positive surprise of 118.18%. Gibraltar Industries has surpassed estimates in each of the past four quarters, resulting in an average positive surprise of 73.45%.
Boise Cascade is set to report second-quarter 2016 results before market opens tomorrow.
Last quarter, Boise Cascade posted a positive surprise of 1800.00%. Boise Cascade has surpassed estimates twice in the past four quarters, resulting in an average positive surprise of 432.03%.
However, Boise Cascade has an Earnings ESP of -2.94% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter is pegged at 34 cents.
Comfort Systems is set to report second-quarter 2016 results after market close.
Last quarter, Comfort Systems posted a positive earnings surprise of 52.94%. This heating, ventilation and air conditioning (HVAC) services provider has an impressive track record of beating estimates. Comfort Systems surpassed estimates thrice in the past four quarters, resulting in an average positive surprise of 37.33%.
RPM International is set to report fourth-quarter and fiscal 2016 results before market opens.
Last quarter, RPM International posted in-line results. This specialty coating, sealants, building materials company has an impressive earnings surprise history. It has surpassed estimates in three out of the past four quarters, resulting in an average positive surprise of 6.80%.
It has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at $1.01.
Conclusion
With the rise in demand for homes, remodeling activities and an improving job market in 2016, building products companies such as the ones discussed above are expected to witness strong demand for their products.
Stay Tuned! Check later on our full write-up on earnings releases of these stocks.
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Building Product Earnings to Watch on Jul 28: BCC, FIX & More
Despite a weak start this year amid equity market volatility and global concerns, the construction sector seems to have recovered on the back of strong housing fundamentals. Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation raise optimism about the sector’s performance in the second half.
In addition to home construction, the home remodeling market has also picked up pace. Improved construction and remodeling activity have increased demand for building products.
Yesterday, one of the leading building product companies, Masco Corporation (MAS - Free Report) reported second-quarter 2016 results. While its earnings beat estimates, revenues came in line with the same. Second quarter performance was backed by significant year-over-year growth in earnings, revenues and margin, as the company capitalized on improving momentum in the repair and remodeling and new home construction industry.
On Jul 28, four other building products companies are scheduled to report their quarterly results. Let us look at how these companies are placed ahead of their releases.
Gibraltar Industries Inc. (ROCK - Free Report)
Gibraltar Industries is set to report second-quarter 2016 results before market opens.
Last quarter, Gibraltar Industries posted a positive surprise of 118.18%. Gibraltar Industries has surpassed estimates in each of the past four quarters, resulting in an average positive surprise of 73.45%.
GIBRALTAR INDUS Price and EPS Surprise
GIBRALTAR INDUS Price and EPS Surprise | GIBRALTAR INDUS Quote
It has an Earnings ESP of -2.56% and a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the quarter is pegged at 39 cents.
Boise Cascade Company (BCC - Free Report)
Boise Cascade is set to report second-quarter 2016 results before market opens tomorrow.
Last quarter, Boise Cascade posted a positive surprise of 1800.00%. Boise Cascade has surpassed estimates twice in the past four quarters, resulting in an average positive surprise of 432.03%.
BOISE CASCADE Price and EPS Surprise
BOISE CASCADE Price and EPS Surprise | BOISE CASCADE Quote
However, Boise Cascade has an Earnings ESP of -2.94% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter is pegged at 34 cents.
Comfort Systems USA, Inc. (FIX - Free Report)
Comfort Systems is set to report second-quarter 2016 results after market close.
Last quarter, Comfort Systems posted a positive earnings surprise of 52.94%. This heating, ventilation and air conditioning (HVAC) services provider has an impressive track record of beating estimates. Comfort Systems surpassed estimates thrice in the past four quarters, resulting in an average positive surprise of 37.33%.
COMFORT SYSTEMS Price and EPS Surprise
COMFORT SYSTEMS Price and EPS Surprise | COMFORT SYSTEMS Quote
It has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at 43 cents.
RPM International Inc. (RPM - Free Report)
RPM International is set to report fourth-quarter and fiscal 2016 results before market opens.
Last quarter, RPM International posted in-line results. This specialty coating, sealants, building materials company has an impressive earnings surprise history. It has surpassed estimates in three out of the past four quarters, resulting in an average positive surprise of 6.80%.
RPM INTL INC Price and EPS Surprise
RPM INTL INC Price and EPS Surprise | RPM INTL INC Quote
It has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at $1.01.
Conclusion
With the rise in demand for homes, remodeling activities and an improving job market in 2016, building products companies such as the ones discussed above are expected to witness strong demand for their products.
Stay Tuned! Check later on our full write-up on earnings releases of these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>