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.
Builders FirstSource (BLDR) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $90.51, marking a +1.54% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 2.07%.
Coming into today, shares of the construction supply company had gained 16.89% in the past month. In that same time, the Retail-Wholesale sector lost 5.89%, while the S&P 500 lost 2.9%.
The upcoming earnings release of Builders FirstSource will be of great interest to investors. The company is forecasted to report an EPS of $1.32, showcasing a 44.54% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.93 billion, down 7.22% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.26 per share and a revenue of $14.87 billion, signifying shifts of -38.17% and -2.08%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Builders FirstSource. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Builders FirstSource is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Builders FirstSource's current valuation metrics, including its Forward P/E ratio of 20.9. This indicates a premium in contrast to its industry's Forward P/E of 17.32.
One should further note that BLDR currently holds a PEG ratio of 2.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Building Products - Retail industry was having an average PEG ratio of 1.44.
The Building Products - Retail industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 233, this industry ranks in the bottom 5% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Builders FirstSource (BLDR) Rises Higher Than Market: Key Facts
In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $90.51, marking a +1.54% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 2.07%.
Coming into today, shares of the construction supply company had gained 16.89% in the past month. In that same time, the Retail-Wholesale sector lost 5.89%, while the S&P 500 lost 2.9%.
The upcoming earnings release of Builders FirstSource will be of great interest to investors. The company is forecasted to report an EPS of $1.32, showcasing a 44.54% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.93 billion, down 7.22% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.26 per share and a revenue of $14.87 billion, signifying shifts of -38.17% and -2.08%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Builders FirstSource. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Builders FirstSource is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note Builders FirstSource's current valuation metrics, including its Forward P/E ratio of 20.9. This indicates a premium in contrast to its industry's Forward P/E of 17.32.
One should further note that BLDR currently holds a PEG ratio of 2.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Building Products - Retail industry was having an average PEG ratio of 1.44.
The Building Products - Retail industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 233, this industry ranks in the bottom 5% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.