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Builders FirstSource (BLDR) Stock Falls Amid Market Uptick: What Investors Need to Know
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Builders FirstSource (BLDR - Free Report) closed at $57.68 in the latest trading session, marking a -3.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
The construction supply company's stock has dropped by 17.78% in the past month, falling short of the Retail-Wholesale sector's loss of 8.01% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Builders FirstSource in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.16, indicating a 38.3% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.8 billion, showing a 3.62% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.19 per share and revenue of $14.32 billion. These totals would mark changes of -53.7% and -5.71%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Builders FirstSource. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.18% higher. Builders FirstSource currently has a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Builders FirstSource is currently exchanging hands at a Forward P/E ratio of 18.89. This indicates a premium in contrast to its industry's Forward P/E of 18.84.
Also, we should mention that BLDR has a PEG ratio of 1.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Building Products - Retail industry had an average PEG ratio of 1.93.
The Building Products - Retail industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 239, this industry ranks in the bottom 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BLDR in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Builders FirstSource (BLDR) Stock Falls Amid Market Uptick: What Investors Need to Know
Builders FirstSource (BLDR - Free Report) closed at $57.68 in the latest trading session, marking a -3.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
The construction supply company's stock has dropped by 17.78% in the past month, falling short of the Retail-Wholesale sector's loss of 8.01% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Builders FirstSource in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.16, indicating a 38.3% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.8 billion, showing a 3.62% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.19 per share and revenue of $14.32 billion. These totals would mark changes of -53.7% and -5.71%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Builders FirstSource. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.18% higher. Builders FirstSource currently has a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Builders FirstSource is currently exchanging hands at a Forward P/E ratio of 18.89. This indicates a premium in contrast to its industry's Forward P/E of 18.84.
Also, we should mention that BLDR has a PEG ratio of 1.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Building Products - Retail industry had an average PEG ratio of 1.93.
The Building Products - Retail industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 239, this industry ranks in the bottom 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BLDR in the coming trading sessions, be sure to utilize Zacks.com.