We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street's Insights Into Key Metrics Ahead of UFP Industries (UFPI) Q1 Earnings
Read MoreHide Full Article
Wall Street analysts expect UFP Industries (UFPI - Free Report) to post quarterly earnings of $1.59 per share in its upcoming report, which indicates a year-over-year decline of 18.9%. Revenues are expected to be $1.63 billion, down 0.5% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific UFP Industries metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Retail' will likely reach $644.47 million. The estimate indicates a year-over-year change of +2.5%.
The consensus estimate for 'Net Sales- Construction' stands at $508.43 million. The estimate indicates a year-over-year change of -1.8%.
Analysts expect 'Net Sales- Packaging' to come in at $405.32 million. The estimate indicates a year-over-year change of -4.5%.
Shares of UFP Industries have demonstrated returns of -3.6% over the past month compared to the Zacks S&P 500 composite's -6.6% change. With a Zacks Rank #4 (Sell), UFPI is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wall Street's Insights Into Key Metrics Ahead of UFP Industries (UFPI) Q1 Earnings
Wall Street analysts expect UFP Industries (UFPI - Free Report) to post quarterly earnings of $1.59 per share in its upcoming report, which indicates a year-over-year decline of 18.9%. Revenues are expected to be $1.63 billion, down 0.5% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific UFP Industries metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Retail' will likely reach $644.47 million. The estimate indicates a year-over-year change of +2.5%.
The consensus estimate for 'Net Sales- Construction' stands at $508.43 million. The estimate indicates a year-over-year change of -1.8%.
Analysts expect 'Net Sales- Packaging' to come in at $405.32 million. The estimate indicates a year-over-year change of -4.5%.
View all Key Company Metrics for UFP Industries here>>>
Shares of UFP Industries have demonstrated returns of -3.6% over the past month compared to the Zacks S&P 500 composite's -6.6% change. With a Zacks Rank #4 (Sell), UFPI is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>