Builders FirstSource (BLDR) reported lackluster results for the third quarter of 2024, with earnings and net sales missing the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Also, both the metrics declined year over year owing to lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. Margins also declined due to ongoing Multi-Family and core organic normalization.Owing to the expected i ...

Company Performance - Builders FirstSource (BLDR) reported quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.09 per share, and down from $4.24 per share a year ago, representing an earnings surprise of -0.65% [1] - The company posted revenues of $4.23 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 5.22%, compared to year-ago revenues of $4.53 billion [2] - Over the last four quarters, Builders FirstSource has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Market Comparison - Builders FirstSource shares have added about 3.3% since the beginning of the year, while the S&P 500 has gained 19.8% [3] - The stock is currently ranked 3 (Hold) by Zacks, indicating it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $2.35 on revenues of $4.01 billion, and for the current fiscal year, it is $11.69 on revenues of $16.82 billion [7] - The outlook for the Building Products - Retail industry is currently in the bottom 38% of over 250 Zacks industries, which may impact the stock's performance [8]

For Immediate Release Builders FirstSource Reports Third Quarter 2024 Results November 5, 2024 (Irving, TX) – Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • Net sales were $4.2 billion, a 6.7% decrease, driven by lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. • Gross profit ma ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Builders FirstSource (BLDR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...

Builders FirstSource (BLDR) closed the most recent trading day at $196.71, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.77% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%. The construction supply company's stock has climbed by 5.29% in the past month, falling short of the RetailWholesale sector's gain of 5.56% and outpacing the S&P 500's gain of 4.87%. The investment com ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying BLDR stock? Here's what analysts think: Builders FirstSource Inc has a consensus price target of $182.26 based on the ratings of 21 analysts. The high is $230 issued by Loop Capital on September 20, 2024. The low is $68 issued by DA Davidson on November 9, 2022. The 3 most-recent analyst ratings were r ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.86, denoting a -0.2% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%. The the stock of construction supply company has risen by 11.64% in the past month, leading the RetailWholesale sector's gain of 6.34% and the S&P 500's gain of 2.06%. Investors will be eagerly watching for the performance of Builders FirstSourc ...

Federal Reserve Interest Rate Cut - The Federal Reserve initiated a half-percentage-point interest rate cut in September, which was larger than expected, aimed at benefiting the real estate market [1] - Following the Fed's announcement, 30-year fixed-rate mortgage rates fell to just over 6.1%, the lowest in two years, incentivizing homeowners to sell and first-time buyers to make offers [2] Impact on Homebuilding Companies - Homebuilding companies are expected to benefit from lower financing costs for construction and land development, potentially increasing new home production and alleviating housing shortages [3] - D.R. Horton, the largest U.S. residential construction company, reported a diluted EPS of $4.10, a 5% year-over-year increase, with a focus on entry-level homes [4] - Analysts project nearly 10% earnings growth for D.R. Horton, which has seen its stock rise over 73% this year, indicating potential for further growth despite its $62 billion market size [5] Installed Building Products and Strategic Expansion - Installed Building Products, specializing in insulation and waterproofing, reported a 44.9% return on equity and is undergoing a strategic expansion, including the acquisition of Euroview, expected to add $20 million in annual revenue [6] Builders FirstSource Performance - Builders FirstSource, a supplier of materials for home construction, experienced a revenue decline of 1.6% and a net income drop of 15% year-over-year, primarily due to a slowdown in multi-family homebuilding [7] - Single-family home construction is projected to grow in the single digits this year, with a significant increase in single-family housing starts reported in August [8] Credit Market Conditions - Prior to the Fed's rate cut, U.S. homebuilders faced a 10% year-over-year reduction in lending, marking the most significant credit crunch in a decade, which may improve with lower rates [9]

Company Performance - Builders FirstSource (BLDR) ended the latest trading session at $193.01, reflecting a -1.43% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.25% [1] - Over the past month, shares of Builders FirstSource have increased by 11%, outperforming the Retail-Wholesale sector's gain of 5.28% and the S&P 500's gain of 1.65% [1] Upcoming Earnings - Builders FirstSource is expected to report an EPS of $3.10, indicating a 26.89% decline from the same quarter last year, with a revenue forecast of $4.47 billion, representing a 1.51% decrease compared to the prior year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $11.68 per share and revenue of $16.82 billion, reflecting declines of -19.95% and -1.6% respectively from the previous year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates for Builders FirstSource suggest a correlation with near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3][4] - Builders FirstSource currently has a Zacks Rank of 3 (Hold), with a recent 1.97% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 16.77, which is lower than the industry average of 19.42, suggesting it is trading at a discount [6] Industry Context - Builders FirstSource has a PEG ratio of 11.56, significantly higher than the industry average PEG ratio of 3.32, indicating a disparity in expected earnings growth [7] - The Building Products - Retail industry, to which Builders FirstSource belongs, has a Zacks Industry Rank of 204, placing it in the bottom 20% of over 250 industries [8]

The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...