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Builders FirstSource (BLDR) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $82.33, marking a -2.79% move from the previous day. This change lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.12%.
The construction supply company's stock has climbed by 15.01% in the past month, exceeding the Retail-Wholesale sector's loss of 0.64% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Builders FirstSource in its upcoming release. In that report, analysts expect Builders FirstSource to post earnings of $1.32 per share. This would mark a year-over-year decline of 44.54%. Alongside, our most recent consensus estimate is anticipating revenue of $3.93 billion, indicating a 7.22% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.26 per share and a revenue of $14.87 billion, representing changes of -38.17% and -2.08%, respectively, from the prior year.
Any recent changes to analyst estimates for Builders FirstSource should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Builders FirstSource possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Builders FirstSource is at present trading with a Forward P/E ratio of 19.86. This indicates a premium in contrast to its industry's Forward P/E of 18.2.
It's also important to note that BLDR currently trades at a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.4 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 20% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Builders FirstSource (BLDR) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Builders FirstSource (BLDR - Free Report) closed at $82.33, marking a -2.79% move from the previous day. This change lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.12%.
The construction supply company's stock has climbed by 15.01% in the past month, exceeding the Retail-Wholesale sector's loss of 0.64% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Builders FirstSource in its upcoming release. In that report, analysts expect Builders FirstSource to post earnings of $1.32 per share. This would mark a year-over-year decline of 44.54%. Alongside, our most recent consensus estimate is anticipating revenue of $3.93 billion, indicating a 7.22% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.26 per share and a revenue of $14.87 billion, representing changes of -38.17% and -2.08%, respectively, from the prior year.
Any recent changes to analyst estimates for Builders FirstSource should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Builders FirstSource possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Builders FirstSource is at present trading with a Forward P/E ratio of 19.86. This indicates a premium in contrast to its industry's Forward P/E of 18.2.
It's also important to note that BLDR currently trades at a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.4 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 20% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.